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 during the month of December. As of December 15th, there was short interest totaling 3,589 shares, a decrease of 53.9% from the November 30th total of 7,785 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 57,043 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 57,043 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

ECA Marcellus Trust I Price Performance

Shares of ECA Marcellus Trust I stock traded down $0.04 during trading on Monday, hitting $0.50. 2,002 shares of the company were exchanged, compared to its average volume of 27,795. The firm has a market capitalization of $8.80 million, a P/E ratio of 4.55 and a beta of 0.12. The firm’s fifty day moving average price is $0.55 and its 200 day moving average price is $0.58. ECA Marcellus Trust I has a 1-year low of $0.41 and a 1-year high of $0.69.

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

ECA Marcellus Trust I Company Profile

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.