Headwater Exploration Inc. (OTCMKTS:CDDRF) Sees Significant Decline in Short Interest

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 trading volume of 22,400 shares, the short-interest ratio is currently 56.7 days.

Headwater Exploration Trading Down 0.3 %

CDDRF stock traded down $0.02 during mid-day trading on Monday, reaching $5.70. The company’s stock had a trading volume of 2,049 shares, compared to its average volume of 23,562. Headwater Exploration has a 12 month low of $4.15 and a 12 month high of $6.26. The business’s 50 day moving average price is $5.54 and its 200 day moving average price is $5.15.

Headwater Exploration Increases Dividend

The company also recently announced a dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.0742 dividend. This is an increase from Headwater Exploration’s previous dividend of $0.07. This represents a yield of 5.26%. The ex-dividend date was Wednesday, March 27th.

Headwater Exploration Company Profile

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.