ECA Marcellus Trust I (OTCMKTS:ECTM) Short Interest Down 23.1% in February

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 1,000 shares, a drop of 23.1% from the January 31st total of 1,300 shares. Based on an average trading volume of 18,800 shares, the short-interest ratio is currently 0.1 days.

ECA Marcellus Trust I Trading Up 3.8 %

ECTM stock traded up $0.02 during mid-day trading on Wednesday, reaching $0.55. The company’s stock had a trading volume of 17,684 shares, compared to its average volume of 25,145. The company has a market cap of $9.68 million, a price-to-earnings ratio of 9.17 and a beta of 0.55. ECA Marcellus Trust I has a 12 month low of $0.37 and a 12 month high of $0.55. The business’s 50 day moving average price is $0.49 and its 200 day moving average price is $0.46.

ECA Marcellus Trust I Announces Dividend

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