Short Interest in Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Decreases By 14.7%

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 14,807 shares, a drop of 14.7% from the January 29th total of 17,367 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 34,130 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 34,130 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Chesapeake Granite Wash Trust Stock Up 0.4%

Shares of Chesapeake Granite Wash Trust stock opened at $0.42 on Wednesday. Chesapeake Granite Wash Trust has a 12-month low of $0.38 and a 12-month high of $0.54. The firm has a market capitalization of $19.64 million, a PE ratio of 4.67 and a beta of 0.22. The stock’s fifty day moving average is $0.42 and its 200-day moving average is $0.44.

About Chesapeake Granite Wash Trust

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.