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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target of a significant growth in short interest during 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 volume of 60,600 shares, the short-interest ratio is presently 0.1 days.

Chesapeake Granite Wash Trust Stock Up 6.5 %

CHKR opened at $0.49 on Friday. The company’s 50-day moving average price is $0.49 and its 200 day moving average price is $0.46. Chesapeake Granite Wash Trust has a fifty-two week low of $0.34 and a fifty-two week high of $0.69. The firm has a market cap of $22.91 million, a price-to-earnings ratio of 4.90 and a beta of 0.51.

Chesapeake Granite Wash Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be given 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 of this dividend is Wednesday, February 19th. Chesapeake Granite Wash Trust’s payout ratio 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.