Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Sees Large Growth in Short Interest

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 13,854 shares, a growth of 25.7% from the December 31st total of 11,018 shares. Based on an average daily volume of 65,263 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 65,263 shares, the days-to-cover ratio is currently 0.2 days.

Chesapeake Granite Wash Trust Stock Performance

Shares of OTCMKTS:CHKR opened at $0.41 on Wednesday. The stock has a market capitalization of $19.20 million, a price-to-earnings ratio of 4.56 and a beta of 0.22. Chesapeake Granite Wash Trust has a 1-year low of $0.38 and a 1-year high of $0.55. The company has a 50 day moving average price of $0.43 and a 200 day moving average price of $0.44.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.02 EPS for the quarter. The company had revenue of $1.43 million during the quarter. Chesapeake Granite Wash Trust had a return on equity of 39.91% and a net margin of 65.92%.

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.