Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Update

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 19,909 shares, an increase of 39.1% from the February 26th total of 14,317 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 58,214 shares, the days-to-cover ratio is presently 0.3 days.

Chesapeake Granite Wash Trust Stock Down 1.3%

OTCMKTS:CHKR traded down $0.01 on Monday, reaching $0.42. The company’s stock had a trading volume of 12,500 shares, compared to its average volume of 25,385. Chesapeake Granite Wash Trust has a 12-month low of $0.38 and a 12-month high of $0.51. The stock has a 50 day moving average price of $0.42 and a 200 day moving average price of $0.44. The firm has a market cap of $19.40 million, a price-to-earnings ratio of 5.19 and a beta of 0.22.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last released its quarterly earnings results on Friday, March 27th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $1.07 million during the quarter. Chesapeake Granite Wash Trust had a return on equity of 35.61% and a net margin of 64.15%.

Chesapeake Granite Wash Trust Company Profile

Chesapeake Granite Wash Trust is a royalty trust established to distribute proceeds from an overriding net profits interest in certain oil and natural gas properties. The trust holds interests in horizontal wells targeting the Granite Wash formation, a prolific reservoir spanning parts of the western Anadarko Basin in northwest Texas and western Oklahoma. Revenues generated by these assets are passed directly through to trust unitholders on a quarterly basis.

The underlying properties consist primarily of horizontal drilling projects operated by Chesapeake Energy and its affiliates.