Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 11,018 shares, a growth of 5,409.0% from the December 15th total of 200 shares. Based on an average daily volume of 125,770 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 125,770 shares, the days-to-cover ratio is currently 0.1 days.
Chesapeake Granite Wash Trust Trading Down 3.5%
CHKR stock traded down $0.02 on Monday, hitting $0.42. 45,377 shares of the company’s stock traded hands, compared to its average volume of 27,528. The stock has a market cap of $19.40 million, a price-to-earnings ratio of 4.61 and a beta of 0.15. Chesapeake Granite Wash Trust has a 1-year low of $0.38 and a 1-year high of $0.59. The stock has a fifty day moving average of $0.43 and a 200-day moving average of $0.44.
Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $1.43 million for the quarter. Chesapeake Granite Wash Trust had a return on equity of 39.91% and a net margin of 65.92%.
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.
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