Short Interest in Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Rises By 237.3%

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 25,300 shares, a growth of 237.3% from the October 31st total of 7,500 shares. Based on an average daily trading volume, of 127,300 shares, the days-to-cover ratio is currently 0.2 days.

Chesapeake Granite Wash Trust Price Performance

Shares of Chesapeake Granite Wash Trust stock traded up $0.01 during midday trading on Wednesday, hitting $0.46. The company had a trading volume of 49,161 shares, compared to its average volume of 55,253. Chesapeake Granite Wash Trust has a 1-year low of $0.34 and a 1-year high of $0.90. The business’s 50 day simple moving average is $0.44 and its two-hundred day simple moving average is $0.43. The stock has a market cap of $21.04 million, a PE ratio of 4.50 and a beta of 0.44.

Chesapeake Granite Wash Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 19th will be given a dividend of $0.0267 per share. The ex-dividend date is Tuesday, November 19th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 23.17%. This is a positive change from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.02. Chesapeake Granite Wash Trust’s dividend payout ratio is currently 110.00%.

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.