ECA Marcellus Trust I (OTCMKTS:ECTM) Short Interest Update

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 13,090 shares, an increase of 227.4% from the May 14th total of 3,998 shares. Based on an average trading volume of 108,914 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

ECA Marcellus Trust I Stock Up 7.4%

Shares of ECA Marcellus Trust I stock traded up $0.04 on Thursday, hitting $0.62. The stock had a trading volume of 5,454 shares, compared to its average volume of 34,258. ECA Marcellus Trust I has a one year low of $0.45 and a one year high of $0.76. The stock has a market cap of $10.97 million, a price-to-earnings ratio of 3.66 and a beta of 0.32. The stock’s 50-day simple moving average is $0.59 and its two-hundred day simple moving average is $0.57.

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

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.