Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Sees Large Drop in Short Interest

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) saw a significant drop in short interest in January. As of January 15th, there was short interest totalling 11,500 shares, a drop of 20.7% from the December 31st total of 14,500 shares. Based on an average trading volume of 126,200 shares, the days-to-cover ratio is currently 0.1 days.

Chesapeake Granite Wash Trust Stock Up 3.7 %

Shares of CHKR traded up $0.02 during midday trading on Thursday, reaching $0.55. The company had a trading volume of 12,840 shares, compared to its average volume of 51,311. Chesapeake Granite Wash Trust has a 1-year low of $0.34 and a 1-year high of $0.79. The firm has a 50 day simple moving average of $0.47 and a 200-day simple moving average of $0.44. The stock has a market cap of $25.71 million, a PE ratio of 5.50 and a beta of 0.48.

Chesapeake Granite Wash Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Tuesday, November 19th were issued a dividend of $0.0267 per share. This is a boost from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.02. This represents a $0.11 annualized dividend and a yield of 19.42%. The ex-dividend date was Tuesday, November 19th. Chesapeake Granite Wash Trust’s dividend payout ratio is currently 110.00%.

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.