CKX Lands, Inc. (NYSEAMERICAN:CKX) Sees Large Decline in Short Interest

CKX Lands, Inc. (NYSEAMERICAN:CKX) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 2,391 shares, a drop of 41.6% from the September 15th total of 4,094 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 4,222 shares, the short-interest ratio is presently 0.6 days.

CKX Lands Stock Performance

Shares of NYSEAMERICAN CKX traded down $0.53 during midday trading on Friday, reaching $10.47. 1,597 shares of the stock were exchanged, compared to its average volume of 3,471. The stock has a market capitalization of $21.46 million, a P/E ratio of 7.37 and a beta of -0.07. The company has a 50 day simple moving average of $10.81 and a 200 day simple moving average of $10.82. CKX Lands has a twelve month low of $8.66 and a twelve month high of $12.44.

CKX Lands (NYSEAMERICAN:CKX) last released its quarterly earnings data on Friday, August 7th. The financial services provider reported $0.06 EPS for the quarter. The firm had revenue of $0.17 million for the quarter. CKX Lands had a return on equity of 13.95% and a net margin of 419.31%.

About CKX Lands

CKX Lands, Inc is a Louisiana-based land and mineral rights company. The company owns surface and mineral interests in properties located primarily in southwestern Louisiana and generates revenue by leasing those assets for exploration, production, timber, grazing, hunting and other uses.

Its holdings include oil and natural gas interests, timberland and other rural acreage. CKX Lands may receive royalty and lease payments from oil and gas production, as well as income from timber sales and surface-use agreements.