Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 11,018 shares, a growth of 5,409.0% from the December 15th total of 200 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 125,770 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 125,770 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.
Chesapeake Granite Wash Trust Stock Down 3.5%
Chesapeake Granite Wash Trust stock traded down $0.02 during trading hours on Monday, hitting $0.42. 45,377 shares of the company traded hands, compared to its average volume of 27,528. Chesapeake Granite Wash Trust has a 1-year low of $0.38 and a 1-year high of $0.59. The firm has a market cap of $19.40 million, a P/E ratio of 4.61 and a beta of 0.15. The firm’s 50-day simple moving average is $0.43 and its two-hundred day simple moving average is $0.44.
Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.02 EPS for the quarter. Chesapeake Granite Wash Trust had a net margin of 65.92% and a return on equity of 39.91%. The business had revenue of $1.43 million for the quarter.
Chesapeake Granite Wash Trust Company Profile
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.
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