Hugoton Royalty Trust (OTCMKTS:HGTXU) Sees Large Increase in Short Interest

Hugoton Royalty Trust (OTCMKTS:HGTXU) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,164 shares, an increase of 742.0% from the December 31st total of 257 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 58,845 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 58,845 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Hugoton Royalty Trust Trading Down 7.8%

Shares of OTCMKTS:HGTXU traded down $0.03 during trading on Thursday, hitting $0.30. 12,056 shares of the company’s stock traded hands, compared to its average volume of 34,258. The company has a 50-day moving average price of $0.30 and a 200-day moving average price of $0.33. Hugoton Royalty Trust has a 52 week low of $0.11 and a 52 week high of $0.62.

Hugoton Royalty Trust Company Profile

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.