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

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

Chesapeake Granite Wash Trust Stock Performance

CHKR stock traded up $0.02 during mid-day trading on Friday, reaching $0.47. The company had a trading volume of 16,560 shares, compared to its average volume of 45,915. Chesapeake Granite Wash Trust has a fifty-two week low of $0.34 and a fifty-two week high of $0.79. The company has a market capitalization of $21.74 million, a price-to-earnings ratio of 4.65 and a beta of 0.48. The firm has a fifty day simple moving average of $0.46 and a 200 day simple moving average of $0.43.

Chesapeake Granite Wash Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th were paid a $0.0267 dividend. The ex-dividend date 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 dividend on an annualized basis and a yield of 22.97%. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is currently 100.00%.

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.