Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Update

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 25,300 shares, a growth of 237.3% from the October 31st total of 7,500 shares. Based on an average trading volume of 127,300 shares, the short-interest ratio is presently 0.2 days.

Chesapeake Granite Wash Trust Stock Up 4.1 %

CHKR stock traded up $0.02 during mid-day trading on Thursday, reaching $0.48. 75,378 shares of the stock traded hands, compared to its average volume of 34,142. The business has a 50-day moving average of $0.44 and a two-hundred day moving average of $0.43. Chesapeake Granite Wash Trust has a 52 week low of $0.34 and a 52 week high of $0.90. The firm has a market capitalization of $22.44 million, a PE ratio of 4.61 and a beta of 0.44.

Chesapeake Granite Wash Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 19th will be paid a $0.0267 dividend. This represents a $0.11 annualized dividend and a dividend yield of 22.25%. The ex-dividend date of this dividend is Tuesday, November 19th. This is a boost from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.02. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is presently 100.00%.

About Chesapeake Granite Wash Trust

Chesapeake Granite Wash Trust owns royalty interests in oil, natural gas liquids, and natural gas properties located in the Colony Granite Wash play in Washita County in the Anadarko Basin of Western Oklahoma. It has royalty interests in 69 producing wells and 118 development wells, and in approximately 26,400 net acres of area.