Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Sees Significant Growth in Short Interest

Chesapeake Granite Wash Trust (OTCMKTS:CHKRGet Rating) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 8,100 shares, a growth of 76.1% from the March 15th total of 4,600 shares. Based on an average daily volume of 132,300 shares, the days-to-cover ratio is currently 0.1 days.

Shares of CHKR opened at $1.32 on Friday. The business’s fifty day moving average price is $1.16 and its 200 day moving average price is $0.90. Chesapeake Granite Wash Trust has a 12-month low of $0.28 and a 12-month high of $1.47.

The company also recently disclosed a dividend, which was paid on Thursday, March 3rd. Investors of record on Friday, February 18th were paid a dividend of $0.0667 per share. This represents a yield of 27.22%. The ex-dividend date was Thursday, February 17th. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is presently 270.00%.

About Chesapeake Granite Wash Trust (Get Rating)

Chesapeake Granite Wash Trust engages in the ownership of royalty interests. It owns royalty interests in oil, natural gas liquids and natural gas properties located in Washita County. The company was founded on June 29, 2011 and is headquartered in Houston, TX.

Read More

Receive News & Ratings for Chesapeake Granite Wash Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Granite Wash Trust and related companies with MarketBeat.com's FREE daily email newsletter.