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

ECA Marcellus Trust I (OTCMKTS:ECTMGet Free Report) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 12,500 shares, a decrease of 65.0% from the December 31st total of 35,700 shares. Based on an average trading volume of 64,400 shares, the short-interest ratio is presently 0.2 days.

ECA Marcellus Trust I Stock Up 4.7 %

ECTM traded up $0.02 during trading on Tuesday, hitting $0.50. 48,578 shares of the company’s stock were exchanged, compared to its average volume of 33,193. The stock has a market cap of $8.84 million, a P/E ratio of 8.38 and a beta of 0.63. The business’s 50 day moving average is $0.45 and its two-hundred day moving average is $0.46. ECA Marcellus Trust I has a fifty-two week low of $0.37 and a fifty-two week high of $0.55.

ECA Marcellus Trust I Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were issued a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was Friday, November 22nd. ECA Marcellus Trust I’s payout ratio is 33.34%.

About ECA Marcellus Trust I

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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.

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