Short Interest in ECA Marcellus Trust I (OTCMKTS:ECTM) Expands By 71.9%

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 5,500 shares, a growth of 71.9% from the October 31st total of 3,200 shares. Based on an average daily volume of 45,800 shares, the days-to-cover ratio is currently 0.1 days.

ECA Marcellus Trust I Price Performance

OTCMKTS ECTM remained flat at $0.46 during mid-day trading on Friday. 15,904 shares of the company were exchanged, compared to its average volume of 24,392. ECA Marcellus Trust I has a 1 year low of $0.34 and a 1 year high of $0.58. The firm’s fifty day simple moving average is $0.46 and its two-hundred day simple moving average is $0.48. The firm has a market capitalization of $8.10 million, a PE ratio of 7.65 and a beta of 0.60.

ECA Marcellus Trust I Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend was Friday, November 22nd. ECA Marcellus Trust I’s dividend payout ratio is currently 33.34%.

About ECA Marcellus Trust I

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.