Headwater Exploration Inc. (OTCMKTS:CDDRF) Short Interest Up 13.4% in September

Headwater Exploration Inc. (OTCMKTS:CDDRF) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 3,918,900 shares, an increase of 13.4% from the August 31st total of 3,456,900 shares. Based on an average daily volume of 17,300 shares, the days-to-cover ratio is presently 226.5 days.

Headwater Exploration Stock Performance

Shares of OTCMKTS:CDDRF traded up $0.01 during midday trading on Friday, reaching $4.67. The company’s stock had a trading volume of 2,941 shares, compared to its average volume of 15,876. Headwater Exploration has a fifty-two week low of $4.30 and a fifty-two week high of $6.26. The business’s fifty day simple moving average is $4.95 and its 200-day simple moving average is $5.31.

Headwater Exploration Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.0724 dividend. This represents a dividend yield of 5.96%. The ex-dividend date of this dividend is Friday, September 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.