Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Sees Large Drop in Short Interest

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 200 shares, a decline of 95.0% from the February 13th total of 4,000 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 57,700 shares, the short-interest ratio is presently 0.0 days.

Chesapeake Granite Wash Trust Stock Up 1.6 %

CHKR stock opened at $0.48 on Thursday. Chesapeake Granite Wash Trust has a 52-week low of $0.34 and a 52-week high of $0.65. The company’s 50-day simple moving average is $0.50 and its 200-day simple moving average is $0.46. The firm has a market cap of $22.21 million, a P/E ratio of 4.75 and a beta of 0.54.

Chesapeake Granite Wash Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Wednesday, February 19th were issued a $0.0109 dividend. This represents a $0.04 annualized dividend and a yield of 9.18%. The ex-dividend date was Wednesday, February 19th. Chesapeake Granite Wash Trust’s payout ratio is presently 40.00%.

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.