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

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 12,500 shares, a drop 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 currently 0.2 days.

ECA Marcellus Trust I Stock Up 4.7 %

Shares of ECTM traded up $0.02 during trading hours on Wednesday, reaching $0.50. 48,578 shares of the company traded hands, compared to its average volume of 26,456. The company’s fifty day moving average price is $0.45 and its two-hundred day moving average price is $0.46. The company has a market capitalization of $8.84 million, a price-to-earnings ratio of 8.38 and a beta of 0.63. ECA Marcellus Trust I has a 12 month low of $0.37 and a 12 month high of $0.55.

ECA Marcellus Trust I Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were given a dividend of $0.005 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.02 dividend on an annualized basis and a yield of 3.98%. ECA Marcellus Trust I’s dividend payout ratio (DPR) is currently 33.34%.

ECA Marcellus Trust I Company Profile

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.