ECA Marcellus Trust I (OTCMKTS:ECTM) Sees Large Decrease in Short Interest

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 12,500 shares, a decrease of 65.0% from the December 15th total of 35,700 shares. Based on an average daily volume of 64,400 shares, the short-interest ratio is presently 0.2 days.

ECA Marcellus Trust I Trading Down 3.5 %

Shares of ECTM traded down $0.02 during trading hours on Monday, hitting $0.46. 9,739 shares of the stock traded hands, compared to its average volume of 32,577. The firm has a market capitalization of $8.15 million, a PE ratio of 7.71 and a beta of 0.63. ECA Marcellus Trust I has a 1-year low of $0.37 and a 1-year high of $0.58. The business has a fifty day moving average of $0.44 and a 200-day moving average of $0.46.

ECA Marcellus Trust I Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date was Friday, November 22nd. ECA Marcellus Trust I’s dividend payout ratio (DPR) is presently 33.33%.

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.