Short Interest in Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Drops By 49.2%

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 6,500 shares, a decrease of 49.2% from the September 30th total of 12,800 shares. Based on an average daily volume of 30,200 shares, the days-to-cover ratio is currently 0.2 days.

Chesapeake Granite Wash Trust Stock Down 1.7 %

Chesapeake Granite Wash Trust stock traded down $0.01 during mid-day trading on Friday, reaching $0.44. 31,216 shares of the company’s stock traded hands, compared to its average volume of 31,961. The company has a market cap of $20.69 million, a price-to-earnings ratio of 3.40 and a beta of 0.44. The stock has a 50 day moving average of $0.42 and a two-hundred day moving average of $0.45. Chesapeake Granite Wash Trust has a 12-month low of $0.31 and a 12-month high of $0.90.

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

Chesapeake Granite Wash Trust Cuts Dividend

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

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.