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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) saw a large drop in short interest in November. As of November 30th, there was short interest totalling 6,400 shares, a drop of 74.7% from the November 15th total of 25,300 shares. Based on an average daily trading volume, of 104,700 shares, the short-interest ratio is currently 0.1 days.

Chesapeake Granite Wash Trust Stock Up 2.2 %

Shares of OTCMKTS:CHKR traded up $0.01 on Wednesday, hitting $0.46. 16,712 shares of the company traded hands, compared to its average volume of 34,289. The company has a market cap of $21.51 million, a PE ratio of 4.60 and a beta of 0.46. The stock has a 50 day simple moving average of $0.45 and a 200-day simple moving average of $0.43. Chesapeake Granite Wash Trust has a 52 week low of $0.34 and a 52 week high of $0.79.

Chesapeake Granite Wash Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th were issued a $0.0267 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This is a boost from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.02. This represents a $0.11 annualized dividend and a yield of 23.22%. Chesapeake Granite Wash Trust’s payout ratio is 100.00%.

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.