Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Update

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 4,234 shares, a decrease of 74.8% from the May 14th total of 16,789 shares. Based on an average daily volume of 79,140 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Chesapeake Granite Wash Trust Price Performance

Shares of OTCMKTS:CHKR traded up $0.01 during trading on Friday, hitting $0.36. The company’s stock had a trading volume of 18,221 shares, compared to its average volume of 31,306. The company has a 50-day moving average of $0.39 and a 200-day moving average of $0.41. Chesapeake Granite Wash Trust has a 12 month low of $0.35 and a 12 month high of $0.51. The firm has a market cap of $16.60 million, a price-to-earnings ratio of 4.44 and a beta of 0.21.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.01 earnings per share for the quarter. Chesapeake Granite Wash Trust had a net margin of 69.70% and a return on equity of 37.23%. The firm had revenue of $1.10 million for the quarter.

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.