Short Interest in ECA Marcellus Trust I (OTCMKTS:ECTM) Increases By 111.1%

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 1,900 shares, a growth of 111.1% from the July 15th total of 900 shares. Based on an average daily trading volume, of 19,500 shares, the short-interest ratio is presently 0.1 days.

ECA Marcellus Trust I Price Performance

Shares of ECTM remained flat at $0.50 on Tuesday. 78 shares of the company traded hands, compared to its average volume of 25,295. The stock has a market cap of $8.73 million, a price-to-earnings ratio of 8.27 and a beta of 0.65. The firm has a 50-day moving average price of $0.51 and a 200 day moving average price of $0.48. ECA Marcellus Trust I has a fifty-two week low of $0.34 and a fifty-two week high of $1.03.

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

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.