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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 11,500 shares, a drop of 20.7% from the December 15th total of 14,500 shares. Based on an average daily volume of 126,200 shares, the short-interest ratio is presently 0.1 days.

Chesapeake Granite Wash Trust Stock Up 3.3 %

CHKR opened at $0.47 on Friday. The business’s fifty day simple moving average is $0.46 and its 200 day simple moving average is $0.43. Chesapeake Granite Wash Trust has a 52 week low of $0.34 and a 52 week high of $0.79. The stock has a market cap of $21.74 million, a PE ratio of 4.65 and a beta of 0.48.

Chesapeake Granite Wash Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Tuesday, November 19th were issued a dividend of $0.0267 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 22.97%. This is a boost from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, November 19th. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is currently 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.