ECA Marcellus Trust I (OTCMKTS:ECTM) Short Interest Down 78.2% in November

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 1,200 shares, a decline of 78.2% from the November 15th total of 5,500 shares. Based on an average daily volume of 36,900 shares, the short-interest ratio is currently 0.0 days.

ECA Marcellus Trust I Trading Up 0.1 %

Shares of OTCMKTS:ECTM traded up $0.00 during mid-day trading on Thursday, hitting $0.42. 23,341 shares of the company traded hands, compared to its average volume of 25,133. The stock has a market cap of $7.32 million, a P/E ratio of 6.92 and a beta of 0.66. The stock has a 50-day moving average price of $0.45 and a two-hundred day moving average price of $0.48. ECA Marcellus Trust I has a 12-month low of $0.34 and a 12-month high of $0.58.

ECA Marcellus Trust I Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were paid a $0.005 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.02 annualized dividend and a dividend yield of 4.81%. ECA Marcellus Trust I’s payout ratio is 33.33%.

About ECA Marcellus Trust I

ECA Marcellus Trust I owns royalty interests in producing wells and horizontal natural gas development wells for Energy Corporation of America (ECA). The company owns royalty interests in 14 producing wells and 40 development wells located in the Greene County, Pennsylvania. Its royalty interests in the producing wells allow the company to receive 90% of the proceeds from the sale of production of natural gas attributable to ECA’s interest in the producing wells; and 50% of the proceeds from the sale of production of natural gas attributable to ECA’s interest in the development wells.