Headwater Exploration Inc. (OTCMKTS:CDDRF) Short Interest Up 20.9% in February

Headwater Exploration Inc. (OTCMKTS:CDDRF) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 3,124,400 shares, a growth of 20.9% from the February 13th total of 2,583,300 shares. Based on an average daily trading volume, of 64,800 shares, the short-interest ratio is presently 48.2 days.

Headwater Exploration Stock Up 1.1 %

Shares of Headwater Exploration stock opened at $4.39 on Tuesday. The stock has a 50 day moving average price of $4.65 and a two-hundred day moving average price of $4.75. Headwater Exploration has a 12-month low of $3.89 and a 12-month high of $6.26.

Headwater Exploration Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were issued a $0.0721 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a yield of 6.54%.

About Headwater Exploration

Headwater Exploration Inc engages in the exploration, development, and production of petroleum and natural gas in Canada. It holds interest in the Marten Hills area located in Alberta, and McCully Field area located in New Brunswick. The company was formerly known as Corridor Resources Inc and changed its name to Headwater Exploration Inc in March 2020.