Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Up ∞ in July

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 43,081 shares, a growth of ∞ from the July 15th total of 0 shares. Based on an average trading volume of 42,340 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.1% of the shares of the stock are short sold.

Chesapeake Granite Wash Trust Stock Performance

Chesapeake Granite Wash Trust stock opened at $0.40 on Monday. The stock has a market cap of $18.47 million, a PE ratio of 5.64 and a beta of 0.17. The stock has a 50-day moving average price of $0.35 and a 200 day moving average price of $0.39. Chesapeake Granite Wash Trust has a 52 week low of $0.15 and a 52 week high of $0.50.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last released its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter. Chesapeake Granite Wash Trust had a net margin of 58.92% and a return on equity of 30.64%.

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.