ECA Marcellus Trust I (OTCMKTS:ECTM) Short Interest Down 87.6% in March

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 2,600 shares, a drop of 87.6% from the February 29th total of 21,000 shares. Based on an average daily trading volume, of 84,200 shares, the days-to-cover ratio is currently 0.0 days.

ECA Marcellus Trust I Stock Performance

Shares of ECTM traded up $0.01 on Thursday, hitting $0.50. 12,390 shares of the stock traded hands, compared to its average volume of 24,875. The stock’s 50 day moving average is $0.45 and its two-hundred day moving average is $0.54. ECA Marcellus Trust I has a 1 year low of $0.34 and a 1 year high of $1.48.

ECA Marcellus Trust I Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 24.03%. This is an increase from ECA Marcellus Trust I’s previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, February 21st.

About ECA Marcellus Trust I

ECA Marcellus Trust I owns royalty interests in producing and development horizontal natural gas wells for Energy Corporation of America (ECA). The company owns royalty interests in 14 producing wells and 52 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.