Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Up 15.4% in October

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 7,500 shares, an increase of 15.4% from the October 15th total of 6,500 shares. Based on an average trading volume of 40,800 shares, the short-interest ratio is currently 0.2 days.

Chesapeake Granite Wash Trust Stock Performance

CHKR remained flat at $0.50 during trading on Friday. 88,492 shares of the company’s stock were exchanged, compared to its average volume of 40,574. Chesapeake Granite Wash Trust has a 12 month low of $0.34 and a 12 month high of $0.90. The stock has a 50-day moving average of $0.43 and a two-hundred day moving average of $0.43.

Chesapeake Granite Wash Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 19th will be issued a dividend of $0.0267 per share. This represents a $0.11 annualized dividend and a yield of 21.36%. This is a positive change from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.02. The ex-dividend date is Tuesday, November 19th. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is 80.00%.

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.