Short Interest in ECA Marcellus Trust I (OTCMKTS:ECTM) Expands By 71.9%

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 5,500 shares, a growth of 71.9% from the October 31st total of 3,200 shares. Based on an average trading volume of 45,800 shares, the days-to-cover ratio is presently 0.1 days.

ECA Marcellus Trust I Stock Performance

ECA Marcellus Trust I stock traded up $0.00 during midday trading on Thursday, reaching $0.46. The stock had a trading volume of 30,873 shares, compared to its average volume of 24,430. ECA Marcellus Trust I has a twelve month low of $0.34 and a twelve month high of $0.58. The stock has a market capitalization of $8.08 million, a PE ratio of 7.65 and a beta of 0.60. The stock’s 50-day simple moving average is $0.46 and its 200 day simple moving average is $0.48.

ECA Marcellus Trust I Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 22nd will be given a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Friday, November 22nd. ECA Marcellus Trust I’s payout ratio is 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.