Short Interest in ECA Marcellus Trust I (OTCMKTS:ECTM) Declines By 12.2%

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

ECA Marcellus Trust I Price Performance

Shares of OTCMKTS ECTM opened at $0.62 on Wednesday. The stock has a market capitalization of $10.91 million, a P/E ratio of 5.64 and a beta of 0.34. ECA Marcellus Trust I has a one year low of $0.41 and a one year high of $0.69. The firm’s 50 day simple moving average is $0.55 and its two-hundred day simple moving average is $0.56.

ECA Marcellus Trust I (OTCMKTS:ECTM) last announced its quarterly earnings data on Friday, November 14th. The company reported $0.02 earnings per share 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.