Short Interest in ECA Marcellus Trust I (OTCMKTS:ECTM) Rises By 120.0%

ECA Marcellus Trust I (OTCMKTS:ECTMGet Free Report) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 1,100 shares, an increase of 120.0% from the April 30th total of 500 shares. Based on an average trading volume of 84,100 shares, the short-interest ratio is currently 0.0 days.

ECA Marcellus Trust I Stock Performance

Shares of OTCMKTS ECTM opened at $0.49 on Friday. ECA Marcellus Trust I has a 1-year low of $0.34 and a 1-year high of $1.29. The company has a market cap of $8.62 million, a PE ratio of 8.17 and a beta of 0.57. The company has a 50-day moving average of $0.46 and a two-hundred day moving average of $0.46.

ECA Marcellus Trust I (OTCMKTS:ECTMGet Free Report) last announced its earnings results on Monday, May 13th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $0.63 million during the quarter.

ECA Marcellus Trust I Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Tuesday, May 21st will be paid a dividend of $0.021 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 17.14%. The ex-dividend date of this dividend is Monday, May 20th. ECA Marcellus Trust I’s dividend payout ratio (DPR) is 133.36%.

About ECA Marcellus Trust I

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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.

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