Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Down 50.0% in March

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 200 shares, a drop of 50.0% from the March 15th total of 400 shares. Based on an average daily volume of 32,000 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Chesapeake Granite Wash Trust Stock Down 1.4 %

OTCMKTS CHKR traded down $0.01 on Thursday, reaching $0.40. The stock had a trading volume of 62,603 shares, compared to its average volume of 30,942. The stock has a fifty day moving average price of $0.47 and a two-hundred day moving average price of $0.46. Chesapeake Granite Wash Trust has a 12-month low of $0.34 and a 12-month high of $0.61. The firm has a market capitalization of $18.91 million, a price-to-earnings ratio of 4.04 and a beta of 0.08.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last issued its quarterly earnings results on Friday, March 28th. The company reported $0.03 EPS for the quarter. Chesapeake Granite Wash Trust had a net margin of 64.37% and a return on equity of 42.41%. The company had revenue of $1.57 million during the quarter.

Chesapeake Granite Wash Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th were issued a $0.0109 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 10.78%. Chesapeake Granite Wash Trust’s payout ratio is 40.00%.

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.