Short Interest in Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Drops By 20.7%

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 11,500 shares, a drop of 20.7% from the December 15th total of 14,500 shares. Based on an average daily volume of 126,200 shares, the short-interest ratio is presently 0.1 days.

Chesapeake Granite Wash Trust Stock Performance

Shares of OTCMKTS CHKR traded up $0.00 during mid-day trading on Thursday, reaching $0.45. The company’s stock had a trading volume of 66,910 shares, compared to its average volume of 48,851. The stock has a market capitalization of $21.04 million, a P/E ratio of 4.50 and a beta of 0.48. Chesapeake Granite Wash Trust has a 1-year low of $0.34 and a 1-year high of $0.79. The stock has a 50-day moving average of $0.46 and a two-hundred day moving average of $0.43.

Chesapeake Granite Wash Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th were paid a dividend of $0.0267 per share. This is a boost from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, November 19th. This represents a $0.11 annualized dividend and a yield of 23.73%. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) 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.