Hugoton Royalty Trust (OTCMKTS:HGTXU) Sees Large Increase in Short Interest

Hugoton Royalty Trust (OTCMKTS:HGTXU) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 22,300 shares, a growth of 395.6% from the February 29th total of 4,500 shares. Based on an average daily volume of 48,300 shares, the days-to-cover ratio is currently 0.5 days.

Hugoton Royalty Trust Price Performance

Shares of HGTXU stock opened at $0.54 on Thursday. The stock has a 50-day moving average of $0.55 and a 200-day moving average of $0.58. Hugoton Royalty Trust has a 1-year low of $0.43 and a 1-year high of $2.28.

About Hugoton Royalty Trust

Hugoton Royalty Trust operates as an express trust in the United States. It holds 80% net profits interests in various natural gas producing working interest properties in Kansas, Oklahoma, and Wyoming under conveyances. The company was founded in 1998 and is based in Dallas, Texas.