Short Interest in Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Expands By 100.0%

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 400 shares, an increase of 100.0% from the February 28th total of 200 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 35,600 shares, the days-to-cover ratio is currently 0.0 days.

Chesapeake Granite Wash Trust Price Performance

CHKR stock traded up $0.01 during trading on Friday, reaching $0.46. 5,232 shares of the company were exchanged, compared to its average volume of 31,219. Chesapeake Granite Wash Trust has a twelve month low of $0.34 and a twelve month high of $0.64. The company has a market capitalization of $21.66 million, a price-to-earnings ratio of 4.63 and a beta of 0.54. The company has a 50-day moving average of $0.50 and a two-hundred day moving average of $0.46.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last announced its quarterly earnings results 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%.

Chesapeake Granite Wash Trust Cuts Dividend

The firm also recently disclosed 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 of this dividend was Wednesday, February 19th. This represents a $0.04 dividend on an annualized basis and a yield of 9.41%. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is presently 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.