Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Up 39.1% in March

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 19,909 shares, a growth of 39.1% from the February 26th total of 14,317 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 58,214 shares, the days-to-cover ratio is presently 0.3 days.

Chesapeake Granite Wash Trust Trading Down 1.2%

CHKR opened at $0.41 on Tuesday. The stock’s fifty day simple moving average is $0.42 and its 200 day simple moving average is $0.44. Chesapeake Granite Wash Trust has a 1-year low of $0.38 and a 1-year high of $0.51. The stock has a market cap of $19.17 million, a PE ratio of 5.13 and a beta of 0.22.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last released its quarterly earnings data on Friday, March 27th. The company reported $0.02 EPS for the quarter. The firm had revenue of $1.07 million during the quarter. Chesapeake Granite Wash Trust had a net margin of 64.15% and a return on equity of 35.61%.

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.