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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 14,500 shares, a growth of 126.6% from the November 30th total of 6,400 shares. Based on an average trading volume of 91,400 shares, the days-to-cover ratio is presently 0.2 days.

Chesapeake Granite Wash Trust Stock Performance

CHKR stock opened at $0.44 on Friday. The company has a market capitalization of $20.48 million, a P/E ratio of 4.38 and a beta of 0.46. The company has a fifty day moving average price of $0.46 and a 200-day moving average price of $0.43. Chesapeake Granite Wash Trust has a 52-week low of $0.34 and a 52-week high of $0.79.

Chesapeake Granite Wash Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Tuesday, November 19th were given a dividend of $0.0267 per share. This is a positive change from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.02. This represents a $0.11 annualized dividend and a yield of 24.38%. The ex-dividend date was Tuesday, November 19th. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is currently 100.00%.

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.