ECA Marcellus Trust I (OTCMKTS:ECTM) Sees Significant Growth in Short Interest

ECA Marcellus Trust I (OTCMKTS:ECTM) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 13,090 shares, an increase of 227.4% from the May 14th total of 3,998 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 108,914 shares, the short-interest ratio is presently 0.1 days.

ECA Marcellus Trust I Stock Performance

Shares of ECA Marcellus Trust I stock traded up $0.01 during trading hours on Friday, reaching $0.63. The company’s stock had a trading volume of 7,129 shares, compared to its average volume of 34,032. The company’s 50 day simple moving average is $0.59 and its 200 day simple moving average is $0.57. ECA Marcellus Trust I has a one year low of $0.45 and a one year high of $0.76. The stock has a market cap of $11.07 million, a P/E ratio of 3.70 and a beta of 0.32.

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

ECA Marcellus Trust I Company Profile

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.