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

ECA Marcellus Trust I (OTCMKTS:ECTM) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 44,000 shares, an increase of 4,300.0% from the February 13th total of 1,000 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 68,400 shares, the days-to-cover ratio is currently 0.6 days.

ECA Marcellus Trust I Price Performance

Shares of ECTM stock opened at $0.46 on Friday. ECA Marcellus Trust I has a 1 year low of $0.37 and a 1 year high of $0.55. The stock’s 50 day simple moving average is $0.50 and its two-hundred day simple moving average is $0.46. The company has a market cap of $8.10 million, a PE ratio of 7.67 and a beta of 0.55.

ECA Marcellus Trust I Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were issued a dividend of $0.02 per share. 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 presently 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.