Short Interest in Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Increases By 1,900.0%

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 4,000 shares, an increase of 1,900.0% from the January 31st total of 200 shares. Based on an average daily volume of 60,600 shares, the short-interest ratio is currently 0.1 days.

Chesapeake Granite Wash Trust Stock Down 3.8 %

Shares of OTCMKTS CHKR traded down $0.02 on Thursday, hitting $0.50. The company had a trading volume of 1,366 shares, compared to its average volume of 41,291. Chesapeake Granite Wash Trust has a 12-month low of $0.34 and a 12-month high of $0.69. The business has a 50 day moving average of $0.49 and a two-hundred day moving average of $0.46. The firm has a market capitalization of $23.38 million, a P/E ratio of 5.00 and a beta of 0.51.

Chesapeake Granite Wash Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Wednesday, February 19th will be issued a $0.0109 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 8.72%. The ex-dividend date is Wednesday, February 19th. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is 40.00%.

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.