Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) was the target of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 7,400 shares, a decline of 30.2% from the May 15th total of 10,600 shares. Based on an average daily volume of 71,200 shares, the short-interest ratio is currently 0.1 days.
Chesapeake Granite Wash Trust Price Performance
Chesapeake Granite Wash Trust stock traded up $0.01 during mid-day trading on Friday, hitting $0.47. The company’s stock had a trading volume of 22,877 shares, compared to its average volume of 36,533. The stock has a market cap of $21.97 million, a price-to-earnings ratio of 3.62 and a beta of 0.43. The business has a 50 day moving average price of $0.51 and a 200-day moving average price of $0.60. Chesapeake Granite Wash Trust has a 12 month low of $0.31 and a 12 month high of $1.20.
Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) last released its quarterly earnings data on Monday, May 13th. The company reported $0.03 earnings per share (EPS) for the quarter. Chesapeake Granite Wash Trust had a net margin of 65.92% and a return on equity of 54.55%. The firm had revenue of $1.89 million for 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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