ECA Marcellus Trust I (OTCMKTS:ECTM) Short Interest Down 65.0% in January

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a large drop in short interest in 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 daily volume of 64,400 shares, the short-interest ratio is currently 0.2 days.

ECA Marcellus Trust I Trading Up 4.7 %

ECA Marcellus Trust I stock traded up $0.02 during mid-day trading on Tuesday, hitting $0.50. The stock had a trading volume of 48,578 shares, compared to its average volume of 33,193. The stock has a 50-day simple moving average of $0.45 and a two-hundred day simple moving average of $0.46. The stock has a market capitalization of $8.84 million, a PE 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 company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders 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 annualized dividend and a dividend yield of 3.98%. ECA Marcellus Trust I’s dividend payout ratio is currently 33.34%.

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.