ECA Marcellus Trust I (OTCMKTS:ECTM) Short Interest Up 368.2% in April

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 10,300 shares, a growth 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 %

ECTM traded up $0.03 during midday trading on Friday, reaching $0.45. The company’s stock had a trading volume of 5,143 shares, compared to its average volume of 23,949. The stock has a market cap of $7.96 million, a P/E ratio of 5.66 and a beta of 0.56. The company has a fifty day simple moving average of $0.46 and a 200 day simple moving average of $0.49. ECA Marcellus Trust I has a twelve month low of $0.34 and a twelve month high of $1.48.

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

ECA Marcellus Trust I Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 22nd were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 26.52%. The ex-dividend date of this dividend was Wednesday, February 21st. This is an increase from ECA Marcellus Trust I’s previous quarterly dividend of $0.01. ECA Marcellus Trust I’s dividend payout ratio (DPR) 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.