ECA Marcellus Trust I (OTCMKTS:ECTM) Sees Significant Growth in Short Interest

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 10,300 shares, a growth of 368.2% from the March 31st total of 2,200 shares. Based on an average daily trading volume, of 57,000 shares, the days-to-cover ratio is currently 0.2 days.

ECA Marcellus Trust I Stock Up 6.5 %

Shares of OTCMKTS ECTM traded up $0.03 during mid-day trading on Friday, hitting $0.45. 5,143 shares of the company traded hands, compared to its average volume of 20,804. The business has a 50 day moving average of $0.46 and a two-hundred day moving average of $0.49. ECA Marcellus Trust I has a 1 year low of $0.34 and a 1 year high of $1.48. The stock has a market capitalization of $7.96 million, a price-to-earnings ratio of 5.31 and a beta of 0.56.

ECA Marcellus Trust I (OTCMKTS:ECTM) last posted its quarterly earnings data on Friday, March 22nd. The company reported $0.03 EPS for the quarter. The company had revenue of $0.69 million for the quarter.

ECA Marcellus Trust I Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 26.52%. The ex-dividend date was Wednesday, February 21st. This is an increase from ECA Marcellus Trust I’s previous quarterly dividend of $0.01. ECA Marcellus Trust I’s dividend payout ratio (DPR) is currently 150.02%.

About ECA Marcellus Trust I

ECA Marcellus Trust I owns royalty interests in producing and development horizontal natural gas wells for Energy Corporation of America (ECA). The company owns royalty interests in 14 producing wells and 52 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.