Headwater Exploration Inc. (OTCMKTS:CDDRF) Short Interest Down 7.7% in January

Headwater Exploration Inc. (OTCMKTS:CDDRF) was the recipient of 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 daily trading volume, of 64,700 shares, the short-interest ratio is presently 33.4 days.

Analyst Ratings Changes

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

Headwater Exploration Price Performance

CDDRF stock opened at $4.60 on Monday. The firm has a fifty day moving average price of $4.77 and a 200 day moving average price of $4.88. Headwater Exploration has a fifty-two week low of $4.06 and a fifty-two week high of $6.26.

Headwater Exploration Cuts Dividend

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

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.