Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Down 74.8% in May

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 4,234 shares, a decline of 74.8% from the May 14th total of 16,789 shares. Based on an average daily volume of 79,140 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Chesapeake Granite Wash Trust Stock Performance

OTCMKTS:CHKR traded up $0.00 during trading on Thursday, reaching $0.36. The company’s stock had a trading volume of 1,350 shares, compared to its average volume of 31,304. Chesapeake Granite Wash Trust has a 12 month low of $0.35 and a 12 month high of $0.51. The firm has a market cap of $16.97 million, a price-to-earnings ratio of 4.54 and a beta of 0.21. The firm has a 50 day moving average of $0.39 and a 200-day moving average of $0.41.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last released its earnings results on Tuesday, May 12th. The company reported $0.01 EPS for the quarter. The company had revenue of $1.10 million for the quarter. Chesapeake Granite Wash Trust had a return on equity of 37.23% and a net margin of 69.70%.

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.