Short Interest in Headwater Exploration Inc. (OTCMKTS:CDDRF) Declines By 8.5%

Headwater Exploration Inc. (OTCMKTS:CDDRF) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,270,400 shares, a drop of 8.5% from the March 31st total of 1,389,000 shares. Based on an average daily trading volume, of 22,400 shares, the short-interest ratio is currently 56.7 days.

Headwater Exploration Stock Down 0.3 %

Shares of CDDRF opened at $5.70 on Tuesday. Headwater Exploration has a twelve month low of $4.15 and a twelve month high of $6.26. The firm’s 50 day moving average price is $5.54 and its two-hundred day moving average price is $5.15.

Headwater Exploration Increases Dividend

The company also recently declared a dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.0742 dividend. This represents a dividend yield of 5.26%. This is a positive change from Headwater Exploration’s previous dividend of $0.07. The ex-dividend date of this dividend was Wednesday, March 27th.

About Headwater Exploration

Headwater Exploration Inc engages in the exploration, development, and production of petroleum and natural gas in Canada. It holds interest in the Marten Hills area located in Alberta, and McCully Field area located in New Brunswick. The company was formerly known as Corridor Resources Inc and changed its name to Headwater Exploration Inc in March 2020.