Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Up 5,409.0% in December

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) saw a large growth in short interest in the month of 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. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 125,770 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 125,770 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Chesapeake Granite Wash Trust Price Performance

OTCMKTS CHKR opened at $0.42 on Wednesday. Chesapeake Granite Wash Trust has a one year low of $0.38 and a one year high of $0.59. The business has a 50 day simple moving average of $0.43 and a 200 day simple moving average of $0.44. The stock has a market capitalization of $19.54 million, a P/E ratio of 4.64 and a beta of 0.15.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last released its 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 net margin of 65.92% and a return on equity of 39.91%.

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.