Short Interest in Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Rises By 126.6%

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 14,500 shares, a growth 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 Performance

Chesapeake Granite Wash Trust stock opened at $0.44 on Friday. The firm has a 50 day moving average price of $0.46 and a two-hundred day moving average price of $0.43. Chesapeake Granite Wash Trust has a 52-week low of $0.34 and a 52-week high of $0.79. The firm has a market cap of $20.48 million, a price-to-earnings ratio of 4.38 and a beta of 0.46.

Chesapeake Granite Wash Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Tuesday, November 19th were issued a $0.0267 dividend. This is a positive change from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.11 annualized dividend and a yield of 24.38%. Chesapeake Granite Wash Trust’s payout ratio is presently 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.