Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Up 100.0% in March

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 400 shares, an increase of 100.0% from the February 28th total of 200 shares. Based on an average daily trading volume, of 35,600 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 Trading Up 3.0 %

Chesapeake Granite Wash Trust stock traded up $0.01 during mid-day trading on Friday, hitting $0.46. The company’s stock had a trading volume of 5,232 shares, compared to its average volume of 31,219. The stock’s fifty day moving average is $0.50 and its two-hundred day moving average is $0.46. The firm has a market capitalization of $21.66 million, a PE ratio of 4.63 and a beta of 0.54. Chesapeake Granite Wash Trust has a 1 year low of $0.34 and a 1 year high of $0.64.

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

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 given a dividend of $0.0109 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 9.41%. Chesapeake Granite Wash Trust’s payout ratio is currently 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.