Short Interest in ECA Marcellus Trust I (OTCMKTS:ECTM) Grows By 1,450.0%

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 6,200 shares, an increase of 1,450.0% from the September 30th total of 400 shares. Based on an average daily volume of 32,100 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 32,100 shares, the short-interest ratio is presently 0.2 days.

ECA Marcellus Trust I Stock Performance

Shares of OTCMKTS ECTM opened at $0.49 on Tuesday. The business’s 50 day moving average price is $0.56 and its 200-day moving average price is $0.57. ECA Marcellus Trust I has a fifty-two week low of $0.37 and a fifty-two week high of $0.69. The company has a market cap of $8.71 million, a price-to-earnings ratio of 4.95 and a beta of 0.07.

ECA Marcellus Trust I (OTCMKTS:ECTM) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $0.88 million for the quarter.

ECA Marcellus Trust I Company Profile

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.