ECA Marcellus Trust I (OTCMKTS:ECTM) Short Interest Down 54.3% in December

ECA Marcellus Trust I (OTCMKTS:ECTM) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 1,641 shares, a decline of 54.3% from the December 15th total of 3,589 shares. Based on an average daily volume of 80,544 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 80,544 shares, the short-interest ratio is presently 0.0 days.

ECA Marcellus Trust I Stock Down 2.0%

Shares of ECA Marcellus Trust I stock traded down $0.01 during mid-day trading on Thursday, hitting $0.50. The stock had a trading volume of 66,210 shares, compared to its average volume of 26,960. The firm has a 50-day moving average of $0.55 and a two-hundred day moving average of $0.56. The firm has a market cap of $8.80 million, a P/E ratio of 4.54 and a beta of 0.25. ECA Marcellus Trust I has a 12-month low of $0.41 and a 12-month high of $0.69.

ECA Marcellus Trust I (OTCMKTS:ECTM) last released its quarterly earnings results on Friday, November 14th. The company reported $0.02 EPS for 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.