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

Hugoton Royalty Trust (OTCMKTS:HGTXU) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 257 shares, a drop of 92.8% from the December 15th total of 3,585 shares. Based on an average daily volume of 93,503 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 93,503 shares, the short-interest ratio is currently 0.0 days.

Hugoton Royalty Trust Trading Up 3.9%

OTCMKTS:HGTXU traded up $0.01 on Wednesday, hitting $0.29. The stock had a trading volume of 31,387 shares, compared to its average volume of 20,258. Hugoton Royalty Trust has a 1 year low of $0.11 and a 1 year high of $0.62. The firm’s fifty day simple moving average is $0.31 and its two-hundred day simple moving average is $0.34.

Hugoton Royalty Trust Company Profile

Hugoton Royalty Trust (OTCMKTS:HGTXU) is a passive oil and gas royalty trust that holds specified overriding royalty interests in producing properties within the Hugoton natural gas field, one of North America’s largest conventional gas accumulations. The trust itself does not conduct exploration or development activities; instead, it collects and distributes a fixed percentage of production revenue generated by third‐party operators on its interest acreage.

The primary assets of the trust cover acreage in the Hugoton Field spanning southwestern Kansas, the Texas Panhandle, and adjacent areas of Oklahoma.