Short Interest in Headwater Exploration Inc. (OTCMKTS:CDDRF) Expands By 20.8%

Headwater Exploration Inc. (OTCMKTS:CDDRF) was the recipient of 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 short-interest ratio is currently 50.2 days.

Headwater Exploration Stock Performance

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

Headwater Exploration Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were issued a $0.0721 dividend. 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.