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

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 5,454 shares, a decrease of 54.2% from the January 29th total of 11,910 shares. Based on an average daily trading volume, of 18,917 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 18,917 shares, the short-interest ratio is currently 0.3 days.

ECA Marcellus Trust I Stock Performance

Shares of ECTM traded down $0.01 during trading hours on Friday, hitting $0.53. 4,191 shares of the company were exchanged, compared to its average volume of 33,518. The company has a market cap of $9.36 million, a PE ratio of 4.83 and a beta of 0.34. The firm’s 50 day moving average is $0.56 and its 200-day moving average is $0.56. ECA Marcellus Trust I has a 52 week low of $0.41 and a 52 week high of $0.69.

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.