ECA Marcellus Trust I (OTCMKTS:ECTM) Short Interest Down 68.3% in August

ECA Marcellus Trust I (OTCMKTS:ECTM) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,463 shares, a drop of 68.3% from the July 30th total of 4,612 shares. Based on an average trading volume of 80,323 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

ECA Marcellus Trust I Price Performance

OTCMKTS:ECTM opened at $0.52 on Friday. The firm has a market capitalization of $9.12 million, a P/E ratio of 3.45 and a beta of 0.32. ECA Marcellus Trust I has a one year low of $0.45 and a one year high of $0.76. The company’s 50-day simple moving average is $0.60 and its 200 day simple moving average is $0.59.

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.