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

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

ECA Marcellus Trust I Stock Down 6.3 %

Shares of 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. The stock has a market capitalization of $7.74 million, a price-to-earnings ratio of 7.33 and a beta of 0.60. The stock’s 50-day moving average is $0.46 and its two-hundred day moving average is $0.48. ECA Marcellus Trust I has a 52 week low of $0.34 and a 52 week high of $0.60.

ECA Marcellus Trust I Cuts Dividend

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

ECA Marcellus Trust I Company Profile

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.