Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Down 95.0% in February

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target 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. Based on an average trading volume of 57,700 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Chesapeake Granite Wash Trust Stock Performance

Shares of CHKR stock traded up $0.02 on Friday, hitting $0.50. 8,943 shares of the stock traded hands, compared to its average volume of 35,745. Chesapeake Granite Wash Trust has a twelve month low of $0.34 and a twelve month high of $0.65. The stock has a market capitalization of $23.37 million, a PE ratio of 5.00 and a beta of 0.54. The firm’s 50-day moving average price is $0.50 and its two-hundred day moving average price is $0.46.

Chesapeake Granite Wash Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Wednesday, February 19th were given a $0.0109 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.04 annualized dividend and a yield of 8.72%. Chesapeake Granite Wash Trust’s payout ratio is 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.