ECA Marcellus Trust I (OTCMKTS:ECTM – Get Free Report) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 8,700 shares, a drop of 51.9% from the May 31st total of 18,100 shares. Based on an average daily volume of 44,600 shares, the days-to-cover ratio is currently 0.2 days.
ECA Marcellus Trust I Stock Performance
Shares of ECTM stock traded down $0.01 during mid-day trading on Friday, hitting $0.51. 6,392 shares of the stock traded hands, compared to its average volume of 18,594. The firm has a market cap of $8.98 million, a price-to-earnings ratio of 8.50 and a beta of 0.61. The company’s 50-day simple moving average is $0.49 and its 200-day simple moving average is $0.46. ECA Marcellus Trust I has a twelve month low of $0.34 and a twelve month high of $1.18.
ECA Marcellus Trust I (OTCMKTS:ECTM – Get Free Report) last released its quarterly earnings data on Monday, May 13th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $0.63 million for the quarter.
ECA Marcellus Trust I Cuts Dividend
About ECA Marcellus Trust I
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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