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

ECA Marcellus Trust I (OTCMKTS:ECTM) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 35,700 shares, a growth of 2,875.0% from the November 30th total of 1,200 shares. Based on an average daily trading volume, of 79,900 shares, the days-to-cover ratio is presently 0.4 days.

ECA Marcellus Trust I Stock Performance

Shares of ECTM stock opened at $0.41 on Friday. ECA Marcellus Trust I has a 1 year low of $0.36 and a 1 year high of $0.58. The stock has a market cap of $7.18 million, a PE ratio of 6.79 and a beta of 0.66. The business’s fifty day moving average is $0.43 and its 200-day moving average is $0.47.

ECA Marcellus Trust I Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were given a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date was Friday, November 22nd. ECA Marcellus Trust I’s payout ratio is presently 33.33%.

ECA Marcellus Trust I Company Profile

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.