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

CKX Lands, Inc. (NYSEAMERICAN:CKX) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totalling 3,200 shares, a growth of 23.1% from the May 31st total of 2,600 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CKX. Acuitas Investments LLC raised its position in CKX Lands by 477.8% during the 4th quarter. Acuitas Investments LLC now owns 169,387 shares of the financial services provider’s stock valued at $2,195,000 after purchasing an additional 140,069 shares during the last quarter. PFG Investments LLC bought a new position in shares of CKX Lands in the 1st quarter worth approximately $167,000. Finally, Bfsg LLC bought a new position in shares of CKX Lands in the 4th quarter worth approximately $48,000. Institutional investors own 16.13% of the company’s stock.

CKX Lands Trading Down 2.6 %

Shares of CKX traded down $0.35 during midday trading on Tuesday, reaching $13.15. The stock had a trading volume of 4,294 shares, compared to its average volume of 2,167. CKX Lands has a 12-month low of $9.82 and a 12-month high of $14.44. The stock has a market capitalization of $26.69 million, a P/E ratio of -1,313.69 and a beta of 0.01.

CKX Lands (NYSEAMERICAN:CKX) last released its earnings results on Monday, May 13th. The financial services provider reported ($0.20) earnings per share for the quarter. CKX Lands had a negative net margin of 1.37% and a negative return on equity of 0.11%. The company had revenue of $0.14 million during the quarter.

CKX Lands Company Profile

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.