Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 6,500 shares, a decrease of 49.2% from the September 30th total of 12,800 shares. Based on an average daily volume of 30,200 shares, the days-to-cover ratio is currently 0.2 days.
Chesapeake Granite Wash Trust Stock Down 1.7 %
Chesapeake Granite Wash Trust stock traded down $0.01 during mid-day trading on Friday, reaching $0.44. 31,216 shares of the company’s stock traded hands, compared to its average volume of 31,961. The company has a market cap of $20.69 million, a price-to-earnings ratio of 3.40 and a beta of 0.44. The stock has a 50 day moving average of $0.42 and a two-hundred day moving average of $0.45. Chesapeake Granite Wash Trust has a 12-month low of $0.31 and a 12-month high of $0.90.
Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) last announced its earnings results on Monday, August 12th. The company reported $0.02 earnings per share for the quarter. Chesapeake Granite Wash Trust had a net margin of 61.39% and a return on equity of 41.19%. The business had revenue of $1.25 million for the quarter.
Chesapeake Granite Wash Trust Cuts Dividend
Chesapeake Granite Wash Trust Company Profile
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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