ECA Marcellus Trust I (OTCMKTS:ECTM) Sees Significant Increase in Short Interest

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 44,000 shares, a growth of 4,300.0% from the February 13th total of 1,000 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 68,400 shares, the days-to-cover ratio is presently 0.6 days.

ECA Marcellus Trust I Price Performance

Shares of ECTM stock opened at $0.45 on Thursday. The stock has a market cap of $7.90 million, a PE ratio of 7.48 and a beta of 0.55. The stock has a 50-day moving average of $0.50 and a 200-day moving average of $0.46. ECA Marcellus Trust I has a one year low of $0.37 and a one year high of $0.55.

ECA Marcellus Trust I Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were paid a $0.02 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a dividend yield of 4%. ECA Marcellus Trust I’s dividend payout ratio (DPR) is presently 133.33%.

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.