ECA Marcellus Trust I (OTCMKTS:ECTM) Sees Significant Growth in Short Interest

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 10,300 shares, an increase of 368.2% from the March 31st total of 2,200 shares. Based on an average daily trading volume, of 57,000 shares, the days-to-cover ratio is currently 0.2 days.

ECA Marcellus Trust I Trading Up 6.5 %

ECA Marcellus Trust I stock traded up $0.03 during midday trading on Friday, hitting $0.45. The stock had a trading volume of 5,143 shares, compared to its average volume of 20,804. ECA Marcellus Trust I has a 52-week low of $0.34 and a 52-week high of $1.48. The company has a market capitalization of $7.96 million, a PE ratio of 5.31 and a beta of 0.56. The firm’s fifty day moving average is $0.46 and its two-hundred day moving average is $0.49.

ECA Marcellus Trust I (OTCMKTS:ECTM) last announced its quarterly earnings data on Friday, March 22nd. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $0.69 million during the quarter.

ECA Marcellus Trust I Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 22nd were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This is a boost from ECA Marcellus Trust I’s previous quarterly dividend of $0.01. This represents a $0.12 dividend on an annualized basis and a dividend yield of 26.52%. ECA Marcellus Trust I’s dividend payout ratio is 150.02%.

ECA Marcellus Trust I Company Profile

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.