Short Interest in ECA Marcellus Trust I (OTCMKTS:ECTM) Drops By 59.2%

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 3,998 shares, a drop of 59.2% from the April 30th total of 9,797 shares. Based on an average daily volume of 90,705 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

ECA Marcellus Trust I Stock Down 8.9%

Shares of OTCMKTS ECTM opened at $0.61 on Friday. ECA Marcellus Trust I has a fifty-two week low of $0.45 and a fifty-two week high of $0.76. The business has a 50 day moving average price of $0.58 and a two-hundred day moving average price of $0.57. The firm has a market cap of $10.74 million, a PE ratio of 3.59 and a beta of 0.23.

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