ECA Marcellus Trust I (OTCMKTS:ECTM) Short Interest Down 12.2% in January

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 1,440 shares, a decrease of 12.2% from the December 31st total of 1,641 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 59,880 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 59,880 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

ECA Marcellus Trust I Stock Performance

Shares of OTCMKTS ECTM opened at $0.60 on Thursday. The stock’s 50-day simple moving average is $0.55 and its 200-day simple moving average is $0.56. The firm has a market capitalization of $10.56 million, a PE ratio of 5.46 and a beta of 0.34. ECA Marcellus Trust I has a fifty-two week low of $0.41 and a fifty-two week high of $0.69.

ECA Marcellus Trust I (OTCMKTS:ECTM) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.02 EPS for the quarter.

ECA Marcellus Trust I Company Profile

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.