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

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) was the target of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 1,100 shares, a drop of 84.9% from the May 15th total of 7,300 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 74,900 shares, the days-to-cover ratio is presently 0.0 days.

Chesapeake Granite Wash Trust Stock Performance

Shares of OTCMKTS CHKR opened at $0.41 on Friday. The firm has a market capitalization of $19.18 million, a P/E ratio of 4.10 and a beta of -0.03. Chesapeake Granite Wash Trust has a one year low of $0.36 and a one year high of $0.59. The company’s fifty day moving average is $0.42 and its two-hundred day moving average is $0.46.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.01 EPS for the quarter. The firm had revenue of $1.40 million during the quarter. Chesapeake Granite Wash Trust had a net margin of 64.37% and a return on equity of 42.41%.

Chesapeake Granite Wash Trust Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 30th. Investors of record on Wednesday, May 21st were issued a dividend of $0.0294 per share. The ex-dividend date was Tuesday, May 20th. This is a boost from Chesapeake Granite Wash Trust’s previous dividend of $0.02. This represents a yield of 26.13%. Chesapeake Granite Wash Trust’s payout ratio is currently 137.50%.

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.