Short Interest in Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Expands By 9.3%

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 4,700 shares, a growth of 9.3% from the August 15th total of 4,300 shares. Based on an average daily volume of 64,100 shares, the days-to-cover ratio is currently 0.1 days.

Chesapeake Granite Wash Trust Trading Up 0.5 %

OTCMKTS:CHKR traded up $0.00 during trading hours on Tuesday, reaching $0.40. The company had a trading volume of 5,304 shares, compared to its average volume of 32,442. The firm has a market cap of $18.79 million, a price-to-earnings ratio of 3.09 and a beta of 0.44. Chesapeake Granite Wash Trust has a 52 week low of $0.31 and a 52 week high of $1.09. The firm’s 50 day moving average price is $0.42 and its 200-day moving average price is $0.48.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last released its quarterly earnings results on Monday, August 12th. The company reported $0.02 EPS for the quarter. Chesapeake Granite Wash Trust had a return on equity of 41.19% and a net margin of 61.39%. The business had revenue of $1.25 million during the quarter.

Chesapeake Granite Wash Trust Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, August 29th. Investors of record on Tuesday, August 20th were issued a dividend of $0.0202 per share. This represents a yield of 18.12%. The ex-dividend date of this dividend was Monday, August 19th. Chesapeake Granite Wash Trust’s dividend payout ratio is currently 61.54%.

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.