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

Headwater Exploration Inc. (OTCMKTS:CDDRF) was the target of a significant growth in short interest in 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 days-to-cover ratio is presently 48.2 days.

Headwater Exploration Stock Performance

Shares of CDDRF traded down $0.01 during trading hours on Wednesday, hitting $4.38. 99,566 shares of the company were exchanged, compared to its average volume of 64,385. The firm’s fifty day moving average is $4.64 and its 200 day moving average is $4.75. Headwater Exploration has a fifty-two week low of $3.89 and a fifty-two week high of $6.26.

Headwater Exploration Cuts Dividend

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

Headwater Exploration Company Profile

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.