Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Update

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

Chesapeake Granite Wash Trust Stock Down 8.0 %

OTCMKTS:CHKR opened at $0.46 on Friday. Chesapeake Granite Wash Trust has a 52 week low of $0.34 and a 52 week high of $0.69. The stock has a market capitalization of $21.51 million, a PE ratio of 4.60 and a beta of 0.51. The stock’s 50-day moving average price is $0.49 and its 200-day moving average price is $0.46.

Chesapeake Granite Wash Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be given a dividend of $0.0109 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 9.48%. The ex-dividend date is Wednesday, February 19th. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is presently 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.