Short Interest in ECA Marcellus Trust I (OTCMKTS:ECTM) Drops By 73.2%

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 11,800 shares, a decline of 73.2% from the February 28th total of 44,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 136,300 shares, the short-interest ratio is presently 0.1 days.

ECA Marcellus Trust I Price Performance

Shares of ECTM traded down $0.01 on Friday, hitting $0.49. The company’s stock had a trading volume of 35,010 shares, compared to its average volume of 34,819. The company has a market capitalization of $8.63 million, a PE ratio of 8.17 and a beta of 0.55. ECA Marcellus Trust I has a fifty-two week low of $0.37 and a fifty-two week high of $0.55. The company has a 50 day moving average price of $0.50 and a 200 day moving average price of $0.47.

ECA Marcellus Trust I Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were issued a dividend of $0.02 per share. This represents a dividend yield of 4%. The ex-dividend date was Monday, February 24th. ECA Marcellus Trust I’s payout ratio is presently 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.