Short Interest in Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Decreases By 95.2%

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 200 shares, a decrease 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 Stock Performance

OTCMKTS:CHKR traded up $0.02 during midday trading on Wednesday, reaching $0.53. 10,586 shares of the stock traded hands, compared to its average volume of 45,099. The company has a fifty day moving average of $0.48 and a 200 day moving average of $0.45. Chesapeake Granite Wash Trust has a 12 month low of $0.34 and a 12 month high of $0.72. The stock has a market capitalization of $24.62 million, a P/E ratio of 5.27 and a beta of 0.51.

Chesapeake Granite Wash Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Wednesday, February 19th will be issued a $0.0109 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $0.04 annualized dividend and a yield of 8.28%. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is presently 110.00%.

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.