Short Interest in Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Drops By 74.7%

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 6,400 shares, a decline of 74.7% from the November 15th total of 25,300 shares. Based on an average trading volume of 104,700 shares, the days-to-cover ratio is currently 0.1 days.

Chesapeake Granite Wash Trust Price Performance

CHKR stock remained flat at $0.48 during trading on Friday. 113,905 shares of the company’s stock were exchanged, compared to its average volume of 47,790. Chesapeake Granite Wash Trust has a one year low of $0.34 and a one year high of $0.79. The stock has a market cap of $22.21 million, a price-to-earnings ratio of 4.75 and a beta of 0.46. The stock has a 50-day simple moving average of $0.45 and a 200 day simple moving average of $0.43.

Chesapeake Granite Wash Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th were paid a $0.0267 dividend. The ex-dividend date was Tuesday, November 19th. This is a boost from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.02. This represents a $0.11 dividend on an annualized basis and a yield of 22.48%. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is currently 100.00%.

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.