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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) saw a large growth in short interest during 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 Price Performance

Shares of OTCMKTS:CHKR traded up $0.02 on Thursday, reaching $0.48. 75,378 shares of the company traded hands, compared to its average volume of 34,142. The company’s 50 day moving average is $0.44 and its 200-day moving average is $0.43. Chesapeake Granite Wash Trust has a fifty-two week low of $0.34 and a fifty-two week high of $0.90. The stock 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 company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.0267 per share. This is an increase from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.02. This represents a $0.11 annualized dividend and a yield of 22.25%. The ex-dividend date of this dividend is Tuesday, November 19th. Chesapeake Granite Wash Trust’s payout ratio is 100.00%.

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.