Short Interest in ECA Marcellus Trust I (OTCMKTS:ECTM) Decreases By 23.1%

ECA Marcellus Trust I (OTCMKTS:ECTM) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 1,000 shares, a decline of 23.1% from the January 31st total of 1,300 shares. Based on an average trading volume of 18,800 shares, the short-interest ratio is currently 0.1 days.

ECA Marcellus Trust I Price Performance

Shares of ECA Marcellus Trust I stock opened at $0.53 on Thursday. ECA Marcellus Trust I has a 1-year low of $0.37 and a 1-year high of $0.55. The business’s fifty day moving average price is $0.49 and its two-hundred day moving average price is $0.46. The company has a market capitalization of $9.33 million, a P/E ratio of 8.83 and a beta of 0.55.

ECA Marcellus Trust I Announces Dividend

The company also recently announced an annual dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a yield of 4%. ECA Marcellus Trust I’s dividend payout ratio is currently 133.33%.

ECA Marcellus Trust I Company Profile

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.