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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 200 shares, a drop of 95.0% from the February 13th total of 4,000 shares. Based on an average daily volume of 57,700 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Chesapeake Granite Wash Trust Stock Performance

OTCMKTS CHKR traded up $0.01 on Wednesday, reaching $0.48. 1,997 shares of the stock traded hands, compared to its average volume of 36,317. Chesapeake Granite Wash Trust has a 12 month low of $0.34 and a 12 month high of $0.65. The company has a market cap of $22.21 million, a price-to-earnings ratio of 4.75 and a beta of 0.54. The company has a fifty day moving average price of $0.50 and a 200-day moving average price of $0.46.

Chesapeake Granite Wash Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Wednesday, February 19th were paid a dividend of $0.0109 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 9.18%. The ex-dividend date of this dividend was Wednesday, February 19th. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is currently 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.