Short Interest in ECA Marcellus Trust I (OTCMKTS:ECTM) Grows By 227.4%

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 13,090 shares, a growth of 227.4% from the May 14th total of 3,998 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 108,914 shares, the days-to-cover ratio is presently 0.1 days.

ECA Marcellus Trust I Stock Performance

Shares of ECA Marcellus Trust I stock traded up $0.04 during trading on Thursday, hitting $0.62. The company’s stock had a trading volume of 5,454 shares, compared to its average volume of 34,258. ECA Marcellus Trust I has a 52 week low of $0.45 and a 52 week high of $0.76. The company has a market capitalization of $10.97 million, a PE ratio of 3.66 and a beta of 0.32. The company has a fifty day simple moving average of $0.59 and a two-hundred day simple moving average of $0.57.

ECA Marcellus Trust I (OTCMKTS:ECTM) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.09 EPS for the quarter. The business had revenue of $1.79 million for the quarter.

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.