Short Interest in ECA Marcellus Trust I (OTCMKTS:ECTM) Increases By 208.9%

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 4,612 shares, a growth of 208.9% from the July 15th total of 1,493 shares. Based on an average daily volume of 18,857 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

ECA Marcellus Trust I Price Performance

Shares of ECA Marcellus Trust I stock opened at $0.53 on Friday. The stock has a market cap of $9.33 million, a P/E ratio of 3.53 and a beta of 0.32. The stock’s 50 day simple moving average is $0.61 and its 200-day simple moving average is $0.59. 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 posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.09 earnings per share (EPS) for the quarter. The company 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.