ECA Marcellus Trust I (OTCMKTS:ECTM) Short Interest Down 53.9% in December

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 3,589 shares, a decrease of 53.9% from the November 30th total of 7,785 shares. Based on an average trading volume of 57,043 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 57,043 shares, the days-to-cover ratio is currently 0.1 days.

ECA Marcellus Trust I Stock Performance

Shares of OTCMKTS ECTM remained flat at $0.54 during trading on Friday. The company’s stock had a trading volume of 27,748 shares, compared to its average volume of 36,011. The company has a market cap of $9.51 million, a PE ratio of 4.91 and a beta of 0.12. The company has a 50 day simple moving average of $0.55 and a two-hundred day simple moving average of $0.58. ECA Marcellus Trust I has a 1 year low of $0.41 and a 1 year high of $0.69.

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