Hugoton Royalty Trust (OTCMKTS:HGTXU) Sees Significant Decline in Short Interest

Hugoton Royalty Trust (OTCMKTS:HGTXU) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 257 shares, a drop of 92.8% from the December 15th total of 3,585 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 93,503 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 93,503 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Hugoton Royalty Trust Price Performance

HGTXU traded up $0.01 during midday trading on Monday, reaching $0.30. The company’s stock had a trading volume of 21,137 shares, compared to its average volume of 18,748. Hugoton Royalty Trust has a 1 year low of $0.11 and a 1 year high of $0.62. The stock’s 50-day moving average is $0.31 and its 200-day moving average is $0.34.

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.