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

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 1,641 shares, a drop of 54.3% from the December 15th total of 3,589 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 80,544 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 80,544 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

ECA Marcellus Trust I Stock Performance

Shares of OTCMKTS ECTM opened at $0.50 on Wednesday. The company has a market cap of $8.80 million, a PE ratio of 4.55 and a beta of 0.25. The firm’s 50 day moving average price is $0.55 and its 200-day moving average price is $0.56. ECA Marcellus Trust I has a 52-week low of $0.41 and a 52-week high of $0.69.

ECA Marcellus Trust I (OTCMKTS:ECTM) last announced its quarterly earnings data on Friday, November 14th. The company reported $0.02 earnings per share 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.