Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Up 25.7% in January

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 13,854 shares, a growth of 25.7% from the December 31st total of 11,018 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 65,263 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 65,263 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Chesapeake Granite Wash Trust Trading Down 0.2%

Shares of CHKR stock opened at $0.44 on Tuesday. The business’s 50-day moving average price is $0.43 and its 200-day moving average price is $0.44. Chesapeake Granite Wash Trust has a 12 month low of $0.38 and a 12 month high of $0.55. The firm has a market capitalization of $20.51 million, a price-to-earnings ratio of 4.88 and a beta of 0.15.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last released its quarterly earnings data on Monday, November 10th. The company reported $0.02 earnings per share (EPS) for the quarter. Chesapeake Granite Wash Trust had a return on equity of 39.91% and a net margin of 65.92%.The company had revenue of $1.43 million during the quarter.

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.