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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target of a large decline in short interest in January. As of January 15th, there was short interest totalling 11,500 shares, a decline of 20.7% from the December 31st total of 14,500 shares. Based on an average trading volume of 126,200 shares, the days-to-cover ratio is presently 0.1 days.

Chesapeake Granite Wash Trust Stock Performance

CHKR traded up $0.02 during trading on Thursday, reaching $0.55. 12,840 shares of the company’s stock were exchanged, compared to its average volume of 51,311. The company’s fifty day moving average price is $0.47 and its 200-day moving average price is $0.44. The firm has a market capitalization of $25.71 million, a PE ratio of 5.50 and a beta of 0.48. Chesapeake Granite Wash Trust has a fifty-two week low of $0.34 and a fifty-two week high of $0.79.

Chesapeake Granite Wash Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th were issued a dividend of $0.0267 per share. The ex-dividend date was Tuesday, November 19th. This represents a $0.11 dividend on an annualized basis and a yield of 19.42%. 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 110.00%.

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.