CKX Lands, Inc. (NYSEAMERICAN:CKX) Sees Significant Growth in Short Interest

CKX Lands, Inc. (NYSEAMERICAN:CKX) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 3,200 shares, an increase of 23.1% from the May 31st total of 2,600 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 1,600 shares, the short-interest ratio is currently 2.0 days.

Institutional Investors Weigh In On CKX Lands

A number of large investors have recently made changes to their positions in CKX. Bfsg LLC purchased a new stake in shares of CKX Lands during the fourth quarter valued at $48,000. PFG Investments LLC purchased a new stake in shares of CKX Lands during the first quarter valued at $167,000. Finally, Acuitas Investments LLC grew its holdings in shares of CKX Lands by 477.8% during the fourth quarter. Acuitas Investments LLC now owns 169,387 shares of the financial services provider’s stock valued at $2,195,000 after buying an additional 140,069 shares during the last quarter. 16.13% of the stock is owned by hedge funds and other institutional investors.

CKX Lands Trading Down 2.6 %

Shares of CKX stock traded down $0.35 during trading hours on Tuesday, reaching $13.15. 4,294 shares of the company’s stock were exchanged, compared to its average volume of 2,167. The company has a market cap of $26.69 million, a PE ratio of -1,313.69 and a beta of 0.01. CKX Lands has a fifty-two week low of $9.82 and a fifty-two week high of $14.44.

CKX Lands (NYSEAMERICAN:CKX) last issued its quarterly earnings results on Monday, May 13th. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter. The business had revenue of $0.14 million for the quarter. CKX Lands had a negative return on equity of 0.11% and a negative net margin of 1.37%.

CKX Lands Company Profile

CKX Lands, Inc engages in the ownership and management of land in the United States. It operates through three segments: Oil and Gas, Surface, and Timber. The company leases its properties for minerals, such as oil and gas; raising and harvesting timber; and surface uses comprising agriculture, right of ways, and hunting.