Short Interest in Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Increases By 1,900.0%

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 4,000 shares, an increase of 1,900.0% from the January 31st total of 200 shares. Based on an average daily volume of 60,600 shares, the days-to-cover ratio is presently 0.1 days.

Chesapeake Granite Wash Trust Trading Down 3.8 %

CHKR traded down $0.02 during trading on Thursday, hitting $0.50. The company’s stock had a trading volume of 1,366 shares, compared to its average volume of 41,291. Chesapeake Granite Wash Trust has a twelve month low of $0.34 and a twelve month high of $0.69. The business’s fifty day simple moving average is $0.49 and its 200 day simple moving average is $0.46. The firm has a market capitalization of $23.38 million, a price-to-earnings ratio of 5.00 and a beta of 0.51.

Chesapeake Granite Wash Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be paid a $0.0109 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 8.72%. The ex-dividend date of this dividend is Wednesday, February 19th. Chesapeake Granite Wash Trust’s dividend 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.