Headwater Exploration Inc. (OTCMKTS:CDDRF) Short Interest Update

Headwater Exploration Inc. (OTCMKTS:CDDRF) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 2,162,700 shares, a drop of 7.7% from the December 31st total of 2,344,000 shares. Based on an average trading volume of 64,700 shares, the days-to-cover ratio is currently 33.4 days.

Headwater Exploration Stock Down 2.9 %

Shares of CDDRF stock traded down $0.14 on Monday, hitting $4.60. 4,332 shares of the stock were exchanged, compared to its average volume of 43,617. The firm’s 50 day moving average is $4.77 and its two-hundred day moving average is $4.88. Headwater Exploration has a one year low of $4.06 and a one year high of $6.26.

Headwater Exploration Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were issued a $0.0721 dividend. This represents a yield of 6.54%. The ex-dividend date of this dividend was Tuesday, December 31st.

Wall Street Analyst Weigh In

Separately, Raymond James started coverage on shares of Headwater Exploration in a research report on Friday, October 18th. They issued a “market perform” rating and a $8.50 price objective on the stock.

Headwater Exploration Company Profile

Headwater Exploration Inc engages in the exploration, development, and production of petroleum and natural gas in Canada. It holds interest in the Marten Hills area located in Alberta, and McCully Field area located in New Brunswick. The company was formerly known as Corridor Resources Inc and changed its name to Headwater Exploration Inc in March 2020.