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

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 1,463 shares, a drop of 68.3% from the July 30th total of 4,612 shares. Based on an average trading volume of 80,323 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

ECA Marcellus Trust I Price Performance

ECTM traded down $0.00 during trading on Friday, hitting $0.52. The company’s stock had a trading volume of 386 shares, compared to its average volume of 33,119. ECA Marcellus Trust I has a twelve month low of $0.45 and a twelve month high of $0.76. The stock has a market cap of $9.07 million, a PE ratio of 3.44 and a beta of 0.32. The firm’s 50 day moving average price is $0.60 and its 200-day moving average price is $0.59.

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.