ECA Marcellus Trust I (OTCMKTS:ECTM) Short Interest Update

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 900 shares, a decline of 91.4% from the September 30th total of 10,500 shares. Based on an average daily trading volume, of 40,400 shares, the short-interest ratio is presently 0.0 days.

ECA Marcellus Trust I Stock Up 5.7 %

OTCMKTS:ECTM traded up $0.03 during midday trading on Friday, hitting $0.48. The company had a trading volume of 543 shares, compared to its average volume of 25,071. The company has a market capitalization of $8.37 million, a PE ratio of 7.50 and a beta of 0.60. ECA Marcellus Trust I has a 52-week low of $0.34 and a 52-week high of $0.63. The stock’s fifty day moving average price is $0.46 and its 200-day moving average price is $0.48.

About ECA Marcellus Trust I

ECA Marcellus Trust I owns royalty interests in producing wells and horizontal natural gas development wells for Energy Corporation of America (ECA). The company owns royalty interests in 14 producing wells and 40 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.