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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 11,983 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 50,729 shares, the short-interest ratio is presently 0.2 days.

Chesapeake Granite Wash Trust Stock Performance

OTCMKTS:CHKR opened at $0.40 on Tuesday. The firm’s fifty day moving average is $0.37 and its 200-day moving average is $0.38. Chesapeake Granite Wash Trust has a 52 week low of $0.15 and a 52 week high of $0.50. The firm has a market cap of $18.55 million, a P/E ratio of 5.67 and a beta of 0.19.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter. Chesapeake Granite Wash Trust had a net margin of 58.92% and a return on equity of 30.64%.

Chesapeake Granite Wash Trust Company Profile

Chesapeake Granite Wash Trust is a statutory trust established to hold royalty interests in oil and natural gas properties in the Granite Wash formation of western Oklahoma. The trust is not an operating exploration and production company; instead, it receives royalty payments generated from the sale of hydrocarbons produced from the underlying properties.

The trust’s interests are located primarily in Washita and Custer counties, Oklahoma. Production from the properties includes crude oil, natural gas and natural gas liquids.