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

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

ECA Marcellus Trust I Stock Up 2.5 %

Shares of ECA Marcellus Trust I stock traded up $0.01 during trading on Thursday, reaching $0.50. The company’s stock had a trading volume of 12,390 shares, compared to its average volume of 24,875. The company has a 50-day simple moving average of $0.45 and a two-hundred day simple moving average of $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 company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 24.03%. The ex-dividend date was Wednesday, February 21st. This is an increase from ECA Marcellus Trust I’s previous quarterly dividend of $0.01.

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.