Short Interest in ECA Marcellus Trust I (OTCMKTS:ECTM) Decreases By 81.6%

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 2,023 shares, a decline of 81.6% from the June 15th total of 11,017 shares. Based on an average daily trading volume, of 22,782 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

ECA Marcellus Trust I Trading Up 8.1%

Shares of OTCMKTS ECTM traded up $0.05 during mid-day trading on Friday, hitting $0.64. The company had a trading volume of 2,730 shares, compared to its average volume of 10,856. The firm has a 50-day simple moving average of $0.62 and a two-hundred day simple moving average of $0.58. The company has a market capitalization of $11.23 million, a PE ratio of 3.75 and a beta of 0.32. ECA Marcellus Trust I has a one year low of $0.45 and a one year high of $0.76.

ECA Marcellus Trust I (OTCMKTS:ECTM) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $1.79 million 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.