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

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 440 shares, a decline of 88.9% from the February 26th total of 3,975 shares. Based on an average daily trading volume, of 77,910 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 77,910 shares, the short-interest ratio is presently 0.0 days.

ECA Marcellus Trust I Trading Up 4.0%

Shares of ECTM traded up $0.02 on Tuesday, reaching $0.59. 28,030 shares of the company’s stock traded hands, compared to its average volume of 34,636. The stock’s 50 day simple moving average is $0.56 and its two-hundred day simple moving average is $0.55. The stock has a market cap of $10.39 million, a PE ratio of 5.36 and a beta of 0.33. ECA Marcellus Trust I has a 52-week low of $0.44 and a 52-week high of $0.69.

ECA Marcellus Trust I Company Profile

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.