Chesapeake Granite Wash Trust (NYSE:CHKR) Short Interest Up 53.8% in August

Chesapeake Granite Wash Trust (NYSE:CHKR) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 34,000 shares, an increase of 53.8% from the July 31st total of 22,100 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 74,600 shares, the days-to-cover ratio is currently 0.5 days.

A hedge fund recently raised its stake in Chesapeake Granite Wash Trust stock. Resources Investment Advisors LLC. boosted its holdings in Chesapeake Granite Wash Trust (NYSE:CHKR) by 91.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,200 shares of the oil and gas producer’s stock after acquiring an additional 18,200 shares during the period. Resources Investment Advisors LLC. owned 0.08% of Chesapeake Granite Wash Trust worth $40,000 as of its most recent filing with the Securities and Exchange Commission. 0.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:CHKR traded up $0.02 on Friday, reaching $0.65. 4,133 shares of the company were exchanged, compared to its average volume of 201,030. Chesapeake Granite Wash Trust has a 1-year low of $0.47 and a 1-year high of $1.89. The firm has a market cap of $30.39 million, a price-to-earnings ratio of 2.12 and a beta of 1.22. The company has a 50-day moving average of $0.88 and a 200-day moving average of $1.19.

Chesapeake Granite Wash Trust (NYSE:CHKR) last posted its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.03 earnings per share for the quarter. Chesapeake Granite Wash Trust had a net margin of 81.03% and a return on equity of 40.66%. The business had revenue of $2.51 million for the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Monday, August 19th were paid a $0.032 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.13 dividend on an annualized basis and a yield of 19.69%.

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. The company has royalty interests in 69 producing wells and 118 development wells, and in approximately 26,400 net acres of area.

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