ECA Marcellus Trust I (OTCMKTS:ECTM) Short Interest Update

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 5,500 shares, an increase of 71.9% from the October 31st total of 3,200 shares. Based on an average daily trading volume, of 45,800 shares, the days-to-cover ratio is presently 0.1 days.

ECA Marcellus Trust I Stock Performance

ECTM stock remained flat at $0.46 during mid-day trading on Friday. 15,904 shares of the company’s stock were exchanged, compared to its average volume of 24,392. The stock has a 50-day moving average of $0.46 and a two-hundred day moving average of $0.48. The stock has a market capitalization of $8.10 million, a P/E ratio of 7.67 and a beta of 0.60. ECA Marcellus Trust I has a 52 week low of $0.34 and a 52 week high of $0.58.

ECA Marcellus Trust I Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.005 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.02 annualized dividend and a yield of 4.35%. ECA Marcellus Trust I’s dividend payout ratio (DPR) is presently 33.34%.

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.