Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Update

Chesapeake Granite Wash Trust (OTCMKTS:CHKRGet Rating) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totalling 4,500 shares, a decline of 15.1% from the April 15th total of 5,300 shares. Based on an average daily volume of 209,600 shares, the days-to-cover ratio is currently 0.0 days.

Shares of CHKR stock opened at $1.36 on Wednesday. The firm’s fifty day moving average price is $1.26 and its two-hundred day moving average price is $0.99. Chesapeake Granite Wash Trust has a 1 year low of $0.34 and a 1 year high of $1.47.

The business also recently disclosed a dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Friday, May 20th will be issued a $0.054 dividend. This represents a dividend yield of 16.24%. The ex-dividend date is Thursday, May 19th. Chesapeake Granite Wash Trust’s payout ratio is 270.00%.

Chesapeake Granite Wash Trust Company Profile (Get Rating)

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. The company has royalty interests in 69 producing wells and 118 development wells, and in approximately 26,400 net acres of area.

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