Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Stock Short Interest Report for September

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 5,583 shares, a decline of 53.4% from the September 15th total of 11,983 shares. Based on an average trading volume of 21,894 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Chesapeake Granite Wash Trust Trading Down 5.3%

Chesapeake Granite Wash Trust stock opened at $0.36 on Wednesday. Chesapeake Granite Wash Trust has a 12 month low of $0.15 and a 12 month high of $0.50. The stock’s 50 day simple moving average is $0.38 and its two-hundred day simple moving average is $0.37. The firm has a market cap of $16.83 million, a PE ratio of 5.14 and a beta of 0.28.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS 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 Delaware statutory trust that holds royalty and net profits interests in oil and natural gas properties located in the Granite Wash region of western Oklahoma, primarily in Washita and Custer counties. The trust was established in 2011 in connection with the transfer of interests by Chesapeake Energy Corporation and related entities.

The trust does not explore for, develop, or operate oil and gas wells itself. Instead, it receives distributions based on production from the underlying properties, which include interests in producing wells and certain development properties.