ECA Marcellus Trust I (OTCMKTS:ECTM) Short Interest Down 23.1% in February

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 1,000 shares, a drop of 23.1% from the January 31st total of 1,300 shares. Based on an average daily trading volume, of 18,800 shares, the days-to-cover ratio is presently 0.1 days.

ECA Marcellus Trust I Stock Performance

Shares of OTCMKTS:ECTM traded up $0.02 during midday trading on Wednesday, hitting $0.55. The company’s stock had a trading volume of 17,684 shares, compared to its average volume of 25,145. ECA Marcellus Trust I has a fifty-two week low of $0.37 and a fifty-two week high of $0.55. The stock has a market capitalization of $9.68 million, a price-to-earnings ratio of 9.17 and a beta of 0.55. The stock’s 50 day simple moving average is $0.49 and its 200 day simple moving average is $0.46.

ECA Marcellus Trust I Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were paid a $0.02 dividend. This represents a dividend yield of 4%. The ex-dividend date was Monday, February 24th. ECA Marcellus Trust I’s dividend payout ratio is currently 133.33%.

About ECA Marcellus Trust I

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.