CKX Lands, Inc. (NYSEAMERICAN:CKX) Sees Significant Growth in Short Interest

CKX Lands, Inc. (NYSEAMERICAN:CKXGet Rating) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 1,400 shares, a growth of 180.0% from the October 15th total of 500 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 3,300 shares, the short-interest ratio is presently 0.4 days.

CKX Lands Stock Performance

CKX Lands stock opened at $10.85 on Friday. CKX Lands has a 1-year low of $10.21 and a 1-year high of $16.50. The firm has a market capitalization of $21.26 million, a price-to-earnings ratio of 25.81 and a beta of 0.05.

CKX Lands (NYSEAMERICAN:CKXGet Rating) last released its quarterly earnings results on Thursday, August 11th. The financial services provider reported ($0.14) earnings per share for the quarter. CKX Lands had a negative net margin of 6.18% and a negative return on equity of 0.32%. The firm had revenue of $0.31 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CKX Lands stock. Financial Management Professionals Inc. lifted its position in shares of CKX Lands, Inc. (NYSEAMERICAN:CKXGet Rating) by 15.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,475 shares of the financial services provider’s stock after purchasing an additional 1,250 shares during the period. Financial Management Professionals Inc.’s holdings in CKX Lands were worth $105,000 at the end of the most recent quarter. 6.32% of the stock is currently owned by hedge funds and other institutional investors.

CKX Lands Company Profile

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CKX Lands, Inc engages in the ownership and management of land in the United States. It operates through three segments: Oil and Gas, Surface, and Timber. The company leases its properties for minerals, such as oil and gas; raising and harvesting timber; and surface uses comprising agriculture, right of ways, and hunting.

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