ECA Marcellus Trust I (OTCMKTS:ECTM – Get Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 4,612 shares, an increase of 208.9% from the July 15th total of 1,493 shares. Based on an average daily trading volume, of 18,857 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.
ECA Marcellus Trust I Trading Down 14.3%
Shares of ECTM stock traded down $0.09 during trading hours on Thursday, reaching $0.53. The stock had a trading volume of 229,283 shares, compared to its average volume of 29,159. The stock’s fifty day simple moving average is $0.62 and its 200 day simple moving average is $0.59. ECA Marcellus Trust I has a 12 month low of $0.45 and a 12 month high of $0.76. The firm has a market capitalization of $9.35 million, a PE ratio of 3.12 and a beta of 0.32.
ECA Marcellus Trust I (OTCMKTS:ECTM – Get Free Report) last posted its earnings results on Wednesday, May 13th. The company reported $0.09 earnings per share for the quarter. The firm had revenue of $1.79 million for the quarter.
About ECA Marcellus Trust I
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.
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