ECA Marcellus Trust I (OTCMKTS:ECTM) Short Interest Down 23.1% in February

ECA Marcellus Trust I (OTCMKTS:ECTM) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 1,000 shares, a drop of 23.1% from the January 31st total of 1,300 shares. Based on an average daily trading volume, of 18,800 shares, the days-to-cover ratio is currently 0.1 days.

ECA Marcellus Trust I Price Performance

ECA Marcellus Trust I stock opened at $0.53 on Tuesday. The stock has a market cap of $9.33 million, a price-to-earnings ratio of 8.83 and a beta of 0.60. The firm has a 50-day moving average of $0.49 and a two-hundred day moving average of $0.46. ECA Marcellus Trust I has a 1 year low of $0.37 and a 1 year high of $0.55.

ECA Marcellus Trust I Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were paid a $0.02 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a yield of 4%. ECA Marcellus Trust I’s dividend payout ratio (DPR) is currently 133.33%.

About ECA Marcellus Trust I

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.