Short Interest in Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Increases By 25.4%

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 17,367 shares, a growth of 25.4% from the January 15th total of 13,854 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 59,623 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 59,623 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Chesapeake Granite Wash Trust Price Performance

Shares of CHKR opened at $0.42 on Wednesday. The company has a market capitalization of $19.64 million, a P/E ratio of 4.67 and a beta of 0.22. Chesapeake Granite Wash Trust has a one year low of $0.38 and a one year high of $0.55. The business’s 50 day simple moving average is $0.43 and its 200-day simple moving average is $0.44.

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.