Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Down 95.2% in January

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 200 shares, a decrease of 95.2% from the January 15th total of 4,200 shares. Based on an average trading volume of 103,900 shares, the short-interest ratio is presently 0.0 days.

Chesapeake Granite Wash Trust Stock Up 3.1 %

Shares of OTCMKTS CHKR opened at $0.53 on Thursday. The company has a market cap of $24.62 million, a price-to-earnings ratio of 5.21 and a beta of 0.51. Chesapeake Granite Wash Trust has a 12 month low of $0.34 and a 12 month high of $0.72. The business has a fifty day simple moving average of $0.48 and a 200-day simple moving average of $0.45.

Chesapeake Granite Wash Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Wednesday, February 19th will be issued a dividend of $0.0109 per share. This represents a $0.04 annualized dividend and a dividend yield of 8.28%. The ex-dividend date is Wednesday, February 19th. Chesapeake Granite Wash Trust’s dividend payout ratio is currently 110.00%.

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.