ECA Marcellus Trust I (OTCMKTS:ECTM) Sees Large Increase in Short Interest

ECA Marcellus Trust I (OTCMKTS:ECTM) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 4,612 shares, an increase of 208.9% from the July 15th total of 1,493 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 18,857 shares, the days-to-cover ratio is presently 0.2 days.

ECA Marcellus Trust I Price Performance

OTCMKTS ECTM traded down $0.09 during trading on Thursday, hitting $0.53. 229,283 shares of the company’s stock traded hands, compared to its average volume of 29,159. The stock has a fifty day moving average of $0.62 and a two-hundred day moving average of $0.59. ECA Marcellus Trust I has a 12-month low of $0.45 and a 12-month high of $0.76. The firm has a market cap of $9.35 million, a P/E ratio of 3.12 and a beta of 0.32.

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