Headwater Exploration Inc. (OTCMKTS:CDDRF) Short Interest Down 8.5% in April

Headwater Exploration Inc. (OTCMKTS:CDDRF) was the recipient of a large drop in short interest in 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 days-to-cover ratio is presently 56.7 days.

Headwater Exploration Stock Down 0.3 %

Headwater Exploration stock traded down $0.02 during trading on Monday, reaching $5.70. The stock had a trading volume of 2,049 shares, compared to its average volume of 23,562. Headwater Exploration has a 52-week low of $4.15 and a 52-week high of $6.26. The business has a 50 day moving average price of $5.54 and a 200 day moving average price of $5.15.

Headwater Exploration Increases Dividend

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