Short Interest in ECA Marcellus Trust I (OTCMKTS:ECTM) Declines By 88.9%

ECA Marcellus Trust I (OTCMKTS:ECTM) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 440 shares, a drop of 88.9% from the February 26th total of 3,975 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 77,910 shares, the days-to-cover ratio is currently 0.0 days.

ECA Marcellus Trust I Stock Up 0.1%

Shares of ECTM stock traded up $0.00 on Thursday, reaching $0.57. 11,448 shares of the stock were exchanged, compared to its average volume of 34,142. The stock has a market cap of $9.95 million, a P/E ratio of 5.14 and a beta of 0.33. The firm has a 50 day moving average of $0.56 and a two-hundred day moving average of $0.55. ECA Marcellus Trust I has a 1-year low of $0.44 and a 1-year high of $0.69.

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.