Short Interest in ECA Marcellus Trust I (OTCMKTS:ECTM) Declines By 54.2%

ECA Marcellus Trust I (OTCMKTS:ECTM) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 5,454 shares, a decline of 54.2% from the January 29th total of 11,910 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,917 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 18,917 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

ECA Marcellus Trust I Trading Down 1.2%

Shares of ECTM stock traded down $0.01 during trading hours on Friday, hitting $0.53. 4,191 shares of the company’s stock were exchanged, compared to its average volume of 33,518. The company has a market capitalization of $9.36 million, a PE ratio of 4.83 and a beta of 0.34. ECA Marcellus Trust I has a 12-month low of $0.41 and a 12-month high of $0.69. The business’s 50 day simple moving average is $0.56 and its 200-day simple moving average is $0.56.

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.