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

ECA Marcellus Trust I (OTCMKTS:ECTM) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 2,023 shares, a drop of 81.6% from the June 15th total of 11,017 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 22,782 shares, the short-interest ratio is currently 0.1 days.

ECA Marcellus Trust I Stock Performance

Shares of ECTM traded down $0.05 during trading hours on Monday, reaching $0.59. 3,179 shares of the company traded hands, compared to its average volume of 30,740. The stock’s fifty day moving average is $0.62 and its 200 day moving average is $0.58. The stock has a market cap of $10.32 million, a P/E ratio of 3.45 and a beta of 0.32. ECA Marcellus Trust I has a 1-year low of $0.45 and a 1-year high of $0.76.

ECA Marcellus Trust I (OTCMKTS:ECTM) last released its earnings results 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.