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

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

Chesapeake Granite Wash Trust Trading Up 0.7%

CHKR opened at $0.43 on Friday. The company has a fifty day moving average price of $0.42 and a two-hundred day moving average price of $0.44. Chesapeake Granite Wash Trust has a 1-year low of $0.38 and a 1-year high of $0.53. The company has a market cap of $20.24 million, a P/E ratio of 4.81 and a beta of 0.22.

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.