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

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 11,800 shares, a drop of 73.2% from the February 28th total of 44,000 shares. Based on an average trading volume of 136,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

ECA Marcellus Trust I Stock Performance

ECTM opened at $0.48 on Thursday. ECA Marcellus Trust I has a 1 year low of $0.37 and a 1 year high of $0.55. The company’s 50 day simple moving average is $0.50 and its 200 day simple moving average is $0.47. The stock has a market capitalization of $8.45 million, a PE ratio of 8.00 and a beta of 0.55.

ECA Marcellus Trust I Dividend Announcement

The business also recently declared an annual dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were issued a $0.02 dividend. The ex-dividend date was Monday, February 24th. This represents a yield of 4%. ECA Marcellus Trust I’s dividend payout ratio is currently 133.33%.

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.