ECA Marcellus Trust I (OTCMKTS:ECTM) Sees Large Drop in Short Interest

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 12,500 shares, a decrease of 65.0% from the December 15th total of 35,700 shares. Based on an average daily trading volume, of 64,400 shares, the days-to-cover ratio is currently 0.2 days.

ECA Marcellus Trust I Trading Down 3.5 %

Shares of ECTM traded down $0.02 during midday trading on Monday, reaching $0.46. The stock had a trading volume of 9,739 shares, compared to its average volume of 32,577. The company has a market capitalization of $8.15 million, a price-to-earnings ratio of 7.71 and a beta of 0.63. The company’s 50-day moving average is $0.44 and its 200 day moving average is $0.46. ECA Marcellus Trust I has a 12-month low of $0.37 and a 12-month high of $0.58.

ECA Marcellus Trust I Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were issued a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 4.32%. The ex-dividend date was Friday, November 22nd. ECA Marcellus Trust I’s dividend payout ratio (DPR) 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.