Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Sees Large Increase in Short Interest

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 7,500 shares, a growth of 15.4% from the October 15th total of 6,500 shares. Based on an average daily volume of 40,800 shares, the short-interest ratio is currently 0.2 days.

Chesapeake Granite Wash Trust Stock Performance

CHKR stock remained flat at $0.50 during mid-day trading on Friday. 88,492 shares of the company’s stock were exchanged, compared to its average volume of 40,574. The company’s fifty day moving average price is $0.43 and its 200 day moving average price is $0.43. Chesapeake Granite Wash Trust has a 12 month low of $0.34 and a 12 month high of $0.90.

Chesapeake Granite Wash Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 19th will be issued a $0.0267 dividend. This represents a $0.11 annualized dividend and a dividend yield of 21.36%. The ex-dividend date of this dividend is Tuesday, November 19th. This is a boost from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.02. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is currently 80.00%.

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.