Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Short Interest Down 93.3% in August

by · The Cerbat Gem

Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) was the target of a large decline in short interest in August. As of August 15th, there was short interest totaling 200 shares, adeclineof93.3% from the July 31st total of 3,000 shares. Based on an average daily trading volume, of 58,000 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 58,000 shares, the days-to-cover ratio is currently 0.0 days.

Chesapeake Granite Wash Trust Stock Performance

Chesapeake Granite Wash Trust stock traded up $0.01 on Tuesday, reaching $0.44. The company’s stock had a trading volume of 7,161 shares, compared to its average volume of 31,836. The company has a market cap of $20.57 million, a price-to-earnings ratio of 4.89 and a beta of 0.12. The business’s fifty day moving average price is $0.45 and its 200 day moving average price is $0.44. Chesapeake Granite Wash Trust has a twelve month low of $0.39 and a twelve month high of $0.59.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.03 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 disclosed a dividend, which was paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th were paid a $0.0189 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a yield of 1,689.0%. Chesapeake Granite Wash Trust’s payout ratio is currently 88.89%.

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.

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