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

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 3,998 shares, a drop of 59.2% from the April 30th total of 9,797 shares. Based on an average daily volume of 90,705 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

ECA Marcellus Trust I Price Performance

Shares of ECTM traded down $0.04 during midday trading on Tuesday, hitting $0.57. The stock had a trading volume of 14,132 shares, compared to its average volume of 48,766. The firm has a market cap of $10.03 million, a price-to-earnings ratio of 3.35 and a beta of 0.23. The company has a 50 day simple moving average of $0.59 and a two-hundred day simple moving average of $0.57. ECA Marcellus Trust I has a twelve month low of $0.45 and a twelve month high of $0.76.

ECA Marcellus Trust I (OTCMKTS:ECTM) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.09 earnings per share for the quarter. The company had revenue of $1.79 million during the quarter.

About ECA Marcellus Trust I

ECA Marcellus Trust I is a statutory trust formed in September 2010 by Encana Corporation to hold and monetize natural gas interests in the Marcellus Shale region of the Appalachian Basin. The trust owns a net profits interest—sometimes referred to as a royalty interest—in a portfolio of nearly 80 wells located primarily in Pennsylvania and West Virginia. Revenues generated from the sale of natural gas and natural gas liquids from these properties, after the deduction of operating expenses, are passed through to trust unitholders.

As a passive investment vehicle, ECA Marcellus Trust I does not engage directly in exploration, drilling or day-to-day field operations.