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

Hugoton Royalty Trust (OTCMKTS:HGTXU) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 3,177 shares, an increase of 1,141.0% from the February 26th total of 256 shares. Based on an average daily volume of 144,348 shares, the short-interest ratio is presently 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 144,348 shares, the short-interest ratio is presently 0.0 days.

Hugoton Royalty Trust Stock Performance

OTCMKTS HGTXU traded down $0.02 during mid-day trading on Tuesday, hitting $0.20. The company’s stock had a trading volume of 12,068 shares, compared to its average volume of 55,993. The company’s 50 day simple moving average is $0.25 and its 200 day simple moving average is $0.30. Hugoton Royalty Trust has a twelve month low of $0.11 and a twelve month high of $0.52.

About Hugoton Royalty Trust

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.