Short Interest in ECA Marcellus Trust I (OTCMKTS:ECTM) Declines By 78.2%

ECA Marcellus Trust I (OTCMKTS:ECTM) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 1,200 shares, a decrease of 78.2% from the November 15th total of 5,500 shares. Based on an average daily volume of 36,900 shares, the short-interest ratio is currently 0.0 days.

ECA Marcellus Trust I Stock Down 2.7 %

Shares of ECTM traded down $0.01 during mid-day trading on Wednesday, reaching $0.42. The company’s stock had a trading volume of 36,634 shares, compared to its average volume of 25,140. The business has a fifty day moving average of $0.45 and a 200 day moving average of $0.48. The company has a market cap of $7.31 million, a price-to-earnings ratio of 7.12 and a beta of 0.66. ECA Marcellus Trust I has a 1 year low of $0.34 and a 1 year high of $0.58.

ECA Marcellus Trust I Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were issued a $0.005 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.02 dividend on an annualized basis and a dividend yield of 4.81%. ECA Marcellus Trust I’s payout ratio is currently 33.33%.

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.