Short Interest in Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Drops By 50.0%

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 200 shares, a decline of 50.0% from the March 15th total of 400 shares. Based on an average daily volume of 32,000 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Chesapeake Granite Wash Trust Stock Down 1.4 %

CHKR stock traded down $0.01 during trading hours on Wednesday, hitting $0.40. The company’s stock had a trading volume of 62,603 shares, compared to its average volume of 30,942. The company has a market capitalization of $18.91 million, a PE ratio of 4.04 and a beta of 0.08. Chesapeake Granite Wash Trust has a 12 month low of $0.34 and a 12 month high of $0.61. The stock has a 50 day moving average price of $0.47 and a two-hundred day moving average price of $0.46.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last posted its quarterly earnings data on Friday, March 28th. The company reported $0.03 earnings per share (EPS) for the quarter. Chesapeake Granite Wash Trust had a net margin of 64.37% and a return on equity of 42.41%. The company had revenue of $1.57 million for the quarter.

Chesapeake Granite Wash Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th were paid a $0.0109 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 10.78%. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is presently 40.00%.

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.