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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 43,081 shares, an increase 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 presently 1.0 days. Currently, 0.1% of the company’s shares are short sold.

Chesapeake Granite Wash Trust Price Performance

Shares of CHKR stock opened at $0.40 on Friday. The firm’s 50-day simple moving average is $0.35 and its 200-day simple moving average is $0.39. Chesapeake Granite Wash Trust has a 1-year low of $0.15 and a 1-year high of $0.50. The firm has a market cap of $18.47 million, a P/E ratio of 5.64 and a beta of 0.17.

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%.

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.