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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 7,500 shares, an increase of 15.4% from the October 15th total of 6,500 shares. Based on an average daily volume of 40,800 shares, the days-to-cover ratio is presently 0.2 days.

Chesapeake Granite Wash Trust Stock Performance

Shares of CHKR stock remained flat at $0.50 during mid-day trading on Friday. The stock had a trading volume of 88,492 shares, compared to its average volume of 33,364. The stock has a market capitalization of $21.50 million, a PE ratio of 5.00 and a beta of 0.44. Chesapeake Granite Wash Trust has a 1-year low of $0.34 and a 1-year high of $0.90. The company has a fifty day simple moving average of $0.43 and a 200-day simple moving average of $0.43.

Chesapeake Granite Wash Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.0267 per share. The ex-dividend date is Tuesday, November 19th. This represents a $0.11 dividend on an annualized basis and a yield of 21.36%. This is an increase from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.02. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is currently 80.00%.

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.