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

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

Chesapeake Granite Wash Trust Price Performance

Shares of OTCMKTS:CHKR opened at $0.50 on Monday. The business has a 50-day moving average of $0.43 and a two-hundred day moving average of $0.43. Chesapeake Granite Wash Trust has a fifty-two week low of $0.34 and a fifty-two week high of $0.90.

Chesapeake Granite Wash Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th will be issued a dividend of $0.0267 per share. This represents a $0.11 dividend on an annualized basis and a yield of 21.36%. This is a boost from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, November 19th. Chesapeake Granite Wash Trust’s dividend payout ratio is 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.