Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Down 95.2% in January

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 200 shares, a decline of 95.2% from the January 15th total of 4,200 shares. Based on an average daily trading volume, of 103,900 shares, the days-to-cover ratio is presently 0.0 days.

Chesapeake Granite Wash Trust Price Performance

CHKR opened at $0.53 on Thursday. The stock has a market capitalization of $24.62 million, a PE ratio of 5.21 and a beta of 0.51. Chesapeake Granite Wash Trust has a 12-month low of $0.34 and a 12-month high of $0.72. The firm’s fifty day moving average price is $0.48 and its 200 day moving average price is $0.45.

Chesapeake Granite Wash Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Wednesday, February 19th will be paid a dividend of $0.0109 per share. The ex-dividend date is Wednesday, February 19th. This represents a $0.04 annualized dividend and a yield of 8.28%. Chesapeake Granite Wash Trust’s payout ratio is 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.