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

Posted by ABMN Staff on Nov 18th, 2024

Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) was the target of a significant growth in short interest during the month of 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 trading volume, of 40,800 shares, the short-interest ratio is currently 0.2 days.

Chesapeake Granite Wash Trust Price Performance

Shares of Chesapeake Granite Wash Trust stock opened at $0.50 on Monday. The company’s fifty day moving average price is $0.43 and its two-hundred day moving average price is $0.43. Chesapeake Granite Wash Trust has a 52-week low of $0.34 and a 52-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. Investors of record on Tuesday, November 19th will be issued a dividend of $0.0267 per share. This is an increase from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.02. This represents a $0.11 annualized dividend and a yield of 21.36%. The ex-dividend date is Tuesday, November 19th. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is currently 80.00%.

Chesapeake Granite Wash Trust Company Profile

(Get Free Report)

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.