Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 4,700 shares, an increase of 9.3% from the August 15th total of 4,300 shares. Based on an average trading volume of 64,100 shares, the short-interest ratio is presently 0.1 days.
Chesapeake Granite Wash Trust Price Performance
Shares of CHKR stock traded down $0.01 during trading hours on Wednesday, reaching $0.39. 38,662 shares of the stock were exchanged, compared to its average volume of 32,477. Chesapeake Granite Wash Trust has a 12-month low of $0.31 and a 12-month high of $1.09. The business’s fifty day moving average is $0.42 and its two-hundred day moving average is $0.48. The firm has a market capitalization of $18.23 million, a P/E ratio of 3.09 and a beta of 0.44.
Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The company reported $0.02 earnings per share (EPS) for the quarter. Chesapeake Granite Wash Trust had a return on equity of 41.19% and a net margin of 61.39%. The company had revenue of $1.25 million during the quarter.
Chesapeake Granite Wash Trust Cuts Dividend
About Chesapeake Granite Wash Trust
Chesapeake Granite Wash Trust owns royalty interests in oil, natural gas liquids, and natural gas properties located in the Colony Granite Wash play in Washita County in the Anadarko Basin of Western Oklahoma. It has royalty interests in 69 producing wells and 118 development wells, and in approximately 26,400 net acres of area.
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