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

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 9,797 shares, an increase of 191.6% from the April 15th total of 3,360 shares. Based on an average daily volume of 43,936 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

ECA Marcellus Trust I Trading Down 3.2%

ECTM stock traded down $0.02 during midday trading on Friday, hitting $0.61. The company’s stock had a trading volume of 40,779 shares, compared to its average volume of 34,527. The company has a market cap of $10.73 million, a PE ratio of 3.59 and a beta of 0.23. ECA Marcellus Trust I has a 12 month low of $0.45 and a 12 month high of $0.69. The firm’s 50-day moving average is $0.55 and its 200-day moving average is $0.55.

ECA Marcellus Trust I (OTCMKTS:ECTM) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $1.79 million during the quarter.

About ECA Marcellus Trust I

ECA Marcellus Trust I is a statutory trust formed in September 2010 by Encana Corporation to hold and monetize natural gas interests in the Marcellus Shale region of the Appalachian Basin. The trust owns a net profits interest—sometimes referred to as a royalty interest—in a portfolio of nearly 80 wells located primarily in Pennsylvania and West Virginia. Revenues generated from the sale of natural gas and natural gas liquids from these properties, after the deduction of operating expenses, are passed through to trust unitholders.

As a passive investment vehicle, ECA Marcellus Trust I does not engage directly in exploration, drilling or day-to-day field operations.