Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Sees Significant Decrease in Short Interest

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 200 shares, a drop of 95.0% from the February 13th total of 4,000 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 57,700 shares, the short-interest ratio is presently 0.0 days.

Chesapeake Granite Wash Trust Trading Up 5.2 %

OTCMKTS:CHKR traded up $0.02 during midday trading on Friday, reaching $0.50. The company had a trading volume of 8,943 shares, compared to its average volume of 35,745. The firm has a market capitalization of $23.37 million, a price-to-earnings ratio of 5.00 and a beta of 0.54. The stock’s fifty day simple moving average is $0.50 and its 200-day simple moving average is $0.46. Chesapeake Granite Wash Trust has a 12-month low of $0.34 and a 12-month high of $0.65.

Chesapeake Granite Wash Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Wednesday, February 19th were issued a $0.0109 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.04 annualized dividend and a yield of 8.72%. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is 40.00%.

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.