ECA Marcellus Trust I (OTCMKTS:ECTM) Sees Large Decrease in Short Interest

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 440 shares, a drop of 88.9% from the February 26th total of 3,975 shares. Based on an average daily trading volume, of 77,910 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 77,910 shares, the short-interest ratio is presently 0.0 days.

ECA Marcellus Trust I Stock Performance

ECTM stock traded up $0.02 during mid-day trading on Tuesday, hitting $0.59. The company had a trading volume of 28,030 shares, compared to its average volume of 34,636. The firm has a market cap of $10.39 million, a PE ratio of 5.36 and a beta of 0.33. ECA Marcellus Trust I has a 12 month low of $0.44 and a 12 month high of $0.69. The stock’s fifty day moving average price is $0.56 and its two-hundred day moving average price is $0.55.

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.