ECA Marcellus Trust I (OTCMKTS:ECTM) Short Interest Update

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

ECA Marcellus Trust I Trading Up 4.7 %

Shares of ECTM traded up $0.02 during midday trading on Wednesday, reaching $0.50. 48,578 shares of the stock were exchanged, compared to its average volume of 26,456. ECA Marcellus Trust I has a 52 week low of $0.37 and a 52 week high of $0.55. The company’s 50 day moving average is $0.45 and its two-hundred day moving average is $0.46. The company has a market capitalization of $8.84 million, a P/E ratio of 8.38 and a beta of 0.63.

ECA Marcellus Trust I Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were given a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Friday, November 22nd. ECA Marcellus Trust I’s payout ratio is currently 33.34%.

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.