Hugoton Royalty Trust (OTCMKTS:HGTXU) Sees Large Growth in Short Interest

Hugoton Royalty Trust (OTCMKTS:HGTXU) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 16,700 shares, a growth of 240.8% from the October 15th total of 4,900 shares. Based on an average daily volume of 74,700 shares, the days-to-cover ratio is currently 0.2 days.

Hugoton Royalty Trust Stock Performance

Shares of OTCMKTS HGTXU remained flat at $0.50 during midday trading on Wednesday. The stock had a trading volume of 11,459 shares, compared to its average volume of 33,323. The firm has a fifty day simple moving average of $0.50 and a two-hundred day simple moving average of $0.50. The company has a market cap of $19.81 million, a P/E ratio of 1.83 and a beta of 0.20. Hugoton Royalty Trust has a 1-year low of $0.42 and a 1-year high of $0.78.

About Hugoton Royalty Trust

Hugoton Royalty Trust operates as an express trust in the United States. It holds 80% net profits interests in various natural gas producing working interest properties in Kansas, Oklahoma, and Wyoming under conveyances. The company was founded in 1998 and is based in Dallas, Texas.