Short Interest in ECA Marcellus Trust I (OTCMKTS:ECTM) Decreases By 65.0%

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 12,500 shares, a decrease of 65.0% from the December 15th total of 35,700 shares. Based on an average trading volume of 64,400 shares, the days-to-cover ratio is currently 0.2 days.

ECA Marcellus Trust I Stock Performance

OTCMKTS:ECTM traded up $0.01 during mid-day trading on Tuesday, hitting $0.48. 5,094 shares of the stock were exchanged, compared to its average volume of 29,137. The firm’s 50-day simple moving average is $0.44 and its 200 day simple moving average is $0.46. The stock has a market capitalization of $8.36 million, a price-to-earnings ratio of 7.92 and a beta of 0.63. ECA Marcellus Trust I has a fifty-two week low of $0.37 and a fifty-two week high of $0.58.

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 issued a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend was Friday, November 22nd. ECA Marcellus Trust I’s dividend payout ratio is currently 33.33%.

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.