ECA Marcellus Trust I (OTCMKTS:ECTM) Short Interest Down 73.2% in March

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 11,800 shares, a drop of 73.2% from the February 28th total of 44,000 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 136,300 shares, the short-interest ratio is currently 0.1 days.

ECA Marcellus Trust I Trading Down 2.0 %

Shares of ECTM stock traded down $0.01 on Friday, hitting $0.49. 35,010 shares of the stock were exchanged, compared to its average volume of 34,819. The firm has a market capitalization of $8.63 million, a P/E ratio of 8.17 and a beta of 0.55. ECA Marcellus Trust I has a fifty-two week low of $0.37 and a fifty-two week high of $0.55. The business has a 50-day moving average of $0.50 and a 200 day moving average of $0.47.

ECA Marcellus Trust I Announces Dividend

The firm also recently declared an annual dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were paid a $0.02 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a yield of 4%. ECA Marcellus Trust I’s payout ratio is currently 133.33%.

ECA Marcellus Trust I Company Profile

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.