Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Up 50.0% in October

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 300 shares, an increase of 50.0% from the September 30th total of 200 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 92,200 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 92,200 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Chesapeake Granite Wash Trust Stock Performance

Shares of Chesapeake Granite Wash Trust stock opened at $0.43 on Tuesday. The business’s 50 day simple moving average is $0.45 and its 200 day simple moving average is $0.44. Chesapeake Granite Wash Trust has a 52-week low of $0.39 and a 52-week high of $0.59. The firm has a market cap of $20.10 million and a PE ratio of 4.78.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last announced its earnings results on Wednesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter. Chesapeake Granite Wash Trust had a return on equity of 40.74% and a net margin of 64.76%.

Chesapeake Granite Wash Trust Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th were paid a dividend of $0.0189 per share. This represents a dividend yield of 1,689.0%. The ex-dividend date was Tuesday, August 19th. Chesapeake Granite Wash Trust’s payout ratio is currently 88.89%.

About Chesapeake Granite Wash Trust

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.