ECA Marcellus Trust I (OTCMKTS:ECTM) Short Interest Down 59.2% in May

ECA Marcellus Trust I (OTCMKTS:ECTM) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,998 shares, a decrease of 59.2% from the April 30th total of 9,797 shares. Based on an average trading volume of 90,705 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

ECA Marcellus Trust I Stock Up 4.9%

ECTM stock traded up $0.03 during mid-day trading on Monday, reaching $0.64. 4,026 shares of the stock traded hands, compared to its average volume of 34,575. ECA Marcellus Trust I has a 52 week low of $0.45 and a 52 week high of $0.76. The business has a 50-day moving average of $0.58 and a two-hundred day moving average of $0.57. The firm has a market capitalization of $11.26 million, a PE ratio of 3.76 and a beta of 0.32.

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