ECA Marcellus Trust I (OTCMKTS:ECTM) Sees Large Decline in Short Interest

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 1,641 shares, a decrease of 54.3% from the December 15th total of 3,589 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 80,544 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 80,544 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

ECA Marcellus Trust I Stock Performance

Shares of ECTM stock opened at $0.50 on Wednesday. The company’s fifty day moving average price is $0.55 and its 200-day moving average price is $0.56. The stock has a market cap of $8.80 million, a PE ratio of 4.55 and a beta of 0.25. ECA Marcellus Trust I has a 12 month low of $0.41 and a 12 month high of $0.69.

ECA Marcellus Trust I (OTCMKTS:ECTM) last issued its quarterly earnings results on Friday, November 14th. The company reported $0.02 earnings per share (EPS) for 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.