Short Interest in ECA Marcellus Trust I (OTCMKTS:ECTM) Decreases By 81.6%

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 2,023 shares, a decrease of 81.6% from the June 15th total of 11,017 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 22,782 shares, the short-interest ratio is presently 0.1 days.

ECA Marcellus Trust I Price Performance

ECA Marcellus Trust I stock traded up $0.05 during midday trading on Friday, reaching $0.64. 2,730 shares of the company traded hands, compared to its average volume of 10,856. ECA Marcellus Trust I has a 12 month low of $0.45 and a 12 month high of $0.76. The firm has a market capitalization of $11.23 million, a price-to-earnings ratio of 3.75 and a beta of 0.32. The business has a 50 day moving average of $0.62 and a two-hundred day moving average of $0.58.

ECA Marcellus Trust I (OTCMKTS:ECTM) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.09 earnings per share for the quarter. The company had revenue of $1.79 million for the quarter.

About ECA Marcellus Trust I

ECA Marcellus Trust I is a statutory trust formed in September 2010 by Encana Corporation to hold and monetize natural gas interests in the Marcellus Shale region of the Appalachian Basin. The trust owns a net profits interest—sometimes referred to as a royalty interest—in a portfolio of nearly 80 wells located primarily in Pennsylvania and West Virginia. Revenues generated from the sale of natural gas and natural gas liquids from these properties, after the deduction of operating expenses, are passed through to trust unitholders.

As a passive investment vehicle, ECA Marcellus Trust I does not engage directly in exploration, drilling or day-to-day field operations.