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

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

Chesapeake Granite Wash Trust Stock Performance

Shares of CHKR opened at $0.43 on Tuesday. Chesapeake Granite Wash Trust has a 1 year low of $0.38 and a 1 year high of $0.55. The stock has a market capitalization of $20.10 million, a P/E ratio of 4.78 and a beta of 0.22. The company’s fifty day moving average is $0.43 and its two-hundred day 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.