Headwater Exploration Inc. (OTCMKTS:CDDRF) Short Interest Update

Headwater Exploration Inc. (OTCMKTS:CDDRF) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 2,177,900 shares, an increase of 20.8% from the January 15th total of 1,803,200 shares. Based on an average trading volume of 43,400 shares, the days-to-cover ratio is currently 50.2 days.

Headwater Exploration Stock Performance

Shares of CDDRF remained flat at $4.83 during trading hours on Friday. The stock had a trading volume of 24,729 shares, compared to its average volume of 50,642. The company’s 50 day simple moving average is $4.73 and its 200 day simple moving average is $4.84. Headwater Exploration has a 52 week low of $4.06 and a 52 week high of $6.26.

Headwater Exploration Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were paid a dividend of $0.0721 per share. The ex-dividend date was Tuesday, December 31st. This represents a dividend yield of 6.54%.

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.