Headwater Exploration Inc. (OTCMKTS:CDDRF) Sees Large Growth in Short Interest

Headwater Exploration Inc. (OTCMKTS:CDDRF) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 3,124,400 shares, a growth of 20.9% from the February 13th total of 2,583,300 shares. Based on an average daily volume of 64,800 shares, the short-interest ratio is currently 48.2 days.

Headwater Exploration Stock Performance

OTCMKTS:CDDRF traded down $0.01 on Wednesday, reaching $4.38. 99,566 shares of the stock traded hands, compared to its average volume of 64,385. The company’s 50 day moving average is $4.64 and its 200-day moving average is $4.75. Headwater Exploration has a 1-year low of $3.89 and a 1-year high of $6.26.

Headwater Exploration Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were given a dividend of $0.0721 per share. The ex-dividend date of this dividend 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.