Short Interest in Chesapeake Energy Co. (NASDAQ:CHKEZ) Declines By 7.7%

Chesapeake Energy Co. (NASDAQ:CHKEZ) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 1,200 shares, a drop of 7.7% from the July 15th total of 1,300 shares. Based on an average daily trading volume, of 900 shares, the short-interest ratio is presently 1.3 days.

Chesapeake Energy Price Performance

CHKEZ stock opened at $57.29 on Monday. Chesapeake Energy has a fifty-two week low of $57.29 and a fifty-two week high of $82.01. The business’s 50-day moving average is $69.89 and its two-hundred day moving average is $72.43.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Chesapeake Energy stock. Wolverine Asset Management LLC raised its position in Chesapeake Energy Co. (NASDAQ:CHKEZ) by 225.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 994 shares of the company’s stock after acquiring an additional 689 shares during the quarter. Wolverine Asset Management LLC’s holdings in Chesapeake Energy were worth $63,000 at the end of the most recent quarter.

Chesapeake Energy Company Profile

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.