Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Up 126.6% in December

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 14,500 shares, an increase of 126.6% from the November 30th total of 6,400 shares. Based on an average daily volume of 91,400 shares, the days-to-cover ratio is presently 0.2 days.

Chesapeake Granite Wash Trust Stock Down 0.5 %

Shares of OTCMKTS:CHKR opened at $0.44 on Friday. The firm has a fifty day simple moving average of $0.46 and a two-hundred day simple moving average of $0.43. The stock has a market capitalization of $20.38 million, a P/E ratio of 4.36 and a beta of 0.46. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th were given a dividend of $0.0267 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This is an increase 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 24.50%. Chesapeake Granite Wash Trust’s dividend 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.