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

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 8,700 shares, a decline of 51.9% from the May 31st total of 18,100 shares. Based on an average trading volume of 44,600 shares, the days-to-cover ratio is presently 0.2 days.

ECA Marcellus Trust I Stock Down 1.9 %

ECTM traded down $0.01 during trading on Friday, reaching $0.51. The company had a trading volume of 6,392 shares, compared to its average volume of 18,594. ECA Marcellus Trust I has a 52 week low of $0.34 and a 52 week high of $1.18. The stock has a market cap of $8.98 million, a P/E ratio of 8.50 and a beta of 0.61. The business has a 50 day simple moving average of $0.49 and a 200-day simple moving average of $0.46.

ECA Marcellus Trust I (OTCMKTS:ECTM) last posted its quarterly earnings results on Monday, May 13th. The company reported $0.02 EPS for the quarter. The company had revenue of $0.63 million during the quarter.

ECA Marcellus Trust I Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Tuesday, May 21st were issued a $0.021 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.08 annualized dividend and a dividend yield of 16.47%. ECA Marcellus Trust I’s payout ratio is currently 133.36%.

ECA Marcellus Trust I Company Profile

ECA Marcellus Trust I owns royalty interests in producing and development horizontal natural gas wells for Energy Corporation of America (ECA). The company owns royalty interests in 14 producing wells and 52 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.