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 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. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 34,130 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 34,130 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

Chesapeake Granite Wash Trust Stock Up 0.4%

Shares of OTCMKTS:CHKR opened at $0.42 on Wednesday. The firm has a fifty day moving average of $0.42 and a two-hundred day moving average of $0.44. Chesapeake Granite Wash Trust has a 12-month low of $0.38 and a 12-month high of $0.54. The firm 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 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.