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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 4,700 shares, a growth of 9.3% from the August 15th total of 4,300 shares. Based on an average daily volume of 64,100 shares, the days-to-cover ratio is currently 0.1 days.

Chesapeake Granite Wash Trust Stock Down 3.0 %

OTCMKTS:CHKR traded down $0.01 during midday trading on Wednesday, hitting $0.39. The stock had a trading volume of 38,662 shares, compared to its average volume of 32,477. The stock has a 50-day moving average of $0.42 and a 200 day moving average of $0.48. The company has a market capitalization of $18.23 million, a price-to-earnings ratio of 3.09 and a beta of 0.44. Chesapeake Granite Wash Trust has a one year low of $0.31 and a one year high of $1.09.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $1.25 million for the quarter. Chesapeake Granite Wash Trust had a return on equity of 41.19% and a net margin of 61.39%.

Chesapeake Granite Wash Trust Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, August 29th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.0202 per share. This represents a dividend yield of 18.12%. The ex-dividend date was Monday, August 19th. Chesapeake Granite Wash Trust’s payout ratio is presently 61.54%.

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.