Short Interest in ECA Marcellus Trust I (OTCMKTS:ECTM) Decreases By 54.2%

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 5,454 shares, a decline of 54.2% from the January 29th total of 11,910 shares. Based on an average trading volume of 18,917 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 18,917 shares, the short-interest ratio is presently 0.3 days.

ECA Marcellus Trust I Price Performance

Shares of ECA Marcellus Trust I stock remained flat at $0.54 during trading on Friday. The company had a trading volume of 9,001 shares, compared to its average volume of 33,322. ECA Marcellus Trust I has a twelve month low of $0.41 and a twelve month high of $0.69. The stock has a market cap of $9.47 million, a price-to-earnings ratio of 4.89 and a beta of 0.34. The business’s fifty day simple moving average is $0.56 and its 200-day simple moving average is $0.56.

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.