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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 400 shares, a growth of 100.0% from the February 28th total of 200 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 35,600 shares, the short-interest ratio is currently 0.0 days.

Chesapeake Granite Wash Trust Trading Up 3.0 %

Shares of OTCMKTS CHKR traded up $0.01 during midday trading on Friday, hitting $0.46. 5,232 shares of the company’s stock were exchanged, compared to its average volume of 31,219. The business’s fifty day moving average price is $0.50 and its two-hundred day moving average price is $0.46. Chesapeake Granite Wash Trust has a 12-month low of $0.34 and a 12-month high of $0.64. The company has a market cap of $21.66 million, a price-to-earnings ratio of 4.63 and a beta of 0.54.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last posted its quarterly earnings results on Friday, March 28th. The company reported $0.03 EPS for the quarter. The company had revenue of $1.57 million during the quarter. Chesapeake Granite Wash Trust had a net margin of 64.37% and a return on equity of 42.41%.

Chesapeake Granite Wash Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th were paid a $0.0109 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 9.41%. The ex-dividend date was Wednesday, February 19th. Chesapeake Granite Wash Trust’s payout ratio is presently 40.00%.

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.