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

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

Chesapeake Granite Wash Trust Stock Down 1.4 %

CHKR traded down $0.01 during trading on Thursday, reaching $0.40. 62,603 shares of the company were exchanged, compared to its average volume of 30,942. Chesapeake Granite Wash Trust has a 12-month low of $0.34 and a 12-month high of $0.61. The company’s 50-day moving average is $0.47 and its two-hundred day moving average is $0.46. The company has a market cap 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 return on equity of 42.41% and a net margin of 64.37%. The company had revenue of $1.57 million during the quarter.

Chesapeake Granite Wash Trust Cuts Dividend

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