ECA Marcellus Trust I (OTCMKTS:ECTM) Sees Significant Growth in Short Interest

ECA Marcellus Trust I (OTCMKTS:ECTM) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 35,700 shares, a growth of 2,875.0% from the November 30th total of 1,200 shares. Based on an average daily volume of 79,900 shares, the days-to-cover ratio is presently 0.4 days.

ECA Marcellus Trust I Price Performance

ECA Marcellus Trust I stock traded down $0.01 during midday trading on Thursday, hitting $0.41. 17,604 shares of the company were exchanged, compared to its average volume of 25,030. ECA Marcellus Trust I has a fifty-two week low of $0.36 and a fifty-two week high of $0.58. The company’s fifty day moving average price is $0.44 and its 200-day moving average price is $0.47. The company has a market cap of $7.18 million, a PE ratio of 6.79 and a beta of 0.66.

ECA Marcellus Trust I Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were paid a $0.005 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.02 annualized dividend and a dividend yield of 4.91%. ECA Marcellus Trust I’s dividend payout ratio (DPR) is presently 33.33%.

About ECA Marcellus Trust I

ECA Marcellus Trust I owns royalty interests in producing wells and horizontal natural gas development wells for Energy Corporation of America (ECA). The company owns royalty interests in 14 producing wells and 40 development wells located in the Greene County, Pennsylvania. Its royalty interests in the producing wells allow the company to receive 90% of the proceeds from the sale of production of natural gas attributable to ECA’s interest in the producing wells; and 50% of the proceeds from the sale of production of natural gas attributable to ECA’s interest in the development wells.