Hugoton Royalty Trust (OTCMKTS:HGTXU – Get Free Report) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 252 shares, a decrease of 97.2% from the April 15th total of 9,047 shares. Based on an average daily trading volume, of 98,814 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.
Hugoton Royalty Trust Stock Performance
OTCMKTS HGTXU traded up $0.01 during mid-day trading on Monday, reaching $0.24. 23,688 shares of the stock were exchanged, compared to its average volume of 41,399. The business’s 50 day moving average is $0.23 and its 200-day moving average is $0.27. Hugoton Royalty Trust has a 1 year low of $0.11 and a 1 year high of $0.50.
Hugoton Royalty Trust Company Profile
Hugoton Royalty Trust (OTCMKTS:HGTXU) is a passive oil and gas royalty trust that holds specified overriding royalty interests in producing properties within the Hugoton natural gas field, one of North America’s largest conventional gas accumulations. The trust itself does not conduct exploration or development activities; instead, it collects and distributes a fixed percentage of production revenue generated by thirdâparty operators on its interest acreage.
The primary assets of the trust cover acreage in the Hugoton Field spanning southwestern Kansas, the Texas Panhandle, and adjacent areas of Oklahoma.
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