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

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 3,200 shares, an increase of 255.6% from the October 15th total of 900 shares. Based on an average daily volume of 27,300 shares, the days-to-cover ratio is presently 0.1 days.

ECA Marcellus Trust I Trading Down 6.3 %

ECTM stock traded down $0.03 during trading on Wednesday, hitting $0.44. The company had a trading volume of 52,324 shares, compared to its average volume of 24,672. ECA Marcellus Trust I has a one year low of $0.34 and a one year high of $0.60. The business has a 50-day moving average of $0.46 and a 200-day moving average of $0.48. The stock has a market cap of $7.74 million, a PE ratio of 7.33 and a beta of 0.60.

ECA Marcellus Trust I Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 22nd will be given a dividend of $0.005 per share. The ex-dividend date of this dividend is Friday, November 22nd.

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.