Short Interest in Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Grows By 1,900.0%

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 4,000 shares, a growth of 1,900.0% from the January 31st total of 200 shares. Based on an average daily trading volume, of 60,600 shares, the short-interest ratio is currently 0.1 days.

Chesapeake Granite Wash Trust Stock Performance

Shares of CHKR opened at $0.49 on Friday. The firm has a market capitalization of $22.91 million, a price-to-earnings ratio of 4.90 and a beta of 0.51. Chesapeake Granite Wash Trust has a one year low of $0.34 and a one year high of $0.69. The stock’s fifty day moving average is $0.49 and its 200-day moving average is $0.46.

Chesapeake Granite Wash Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be issued a dividend of $0.0109 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 8.90%. The ex-dividend date is Wednesday, February 19th. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is 40.00%.

Chesapeake Granite Wash Trust Company Profile

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.