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

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 9,797 shares, an increase of 191.6% from the April 15th total of 3,360 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 43,936 shares, the short-interest ratio is presently 0.2 days.

ECA Marcellus Trust I Stock Up 12.5%

ECTM opened at $0.63 on Friday. The firm has a market cap of $11.09 million, a P/E ratio of 3.71 and a beta of 0.23. ECA Marcellus Trust I has a 52 week low of $0.45 and a 52 week high of $0.69. The business’s fifty day simple moving average is $0.55 and its 200 day simple moving average is $0.55.

ECA Marcellus Trust I (OTCMKTS:ECTM) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.09 EPS for the quarter. The company had revenue of $1.79 million 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.