Short Interest in ECA Marcellus Trust I (OTCMKTS:ECTM) Grows By 727.1%

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 11,910 shares, an increase of 727.1% from the January 15th total of 1,440 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 119,066 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 119,066 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

ECA Marcellus Trust I Price Performance

ECA Marcellus Trust I stock opened at $0.60 on Thursday. The company has a market cap of $10.50 million, a PE ratio of 5.43 and a beta of 0.34. The company has a fifty day moving average price of $0.55 and a two-hundred day moving average price of $0.56. ECA Marcellus Trust I has a 12 month low of $0.41 and a 12 month high of $0.69.

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

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.