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

ECA Marcellus Trust I (OTCMKTS:ECTM) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 440 shares, a decline of 88.9% from the February 26th total of 3,975 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 77,910 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 77,910 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

ECA Marcellus Trust I Trading Down 1.3%

Shares of ECTM stock traded down $0.01 during trading hours on Wednesday, reaching $0.58. 4,715 shares of the company’s stock were exchanged, compared to its average volume of 34,109. The stock’s 50 day moving average is $0.56 and its 200-day moving average is $0.55. The company has a market cap of $10.25 million, a price-to-earnings ratio of 5.30 and a beta of 0.33. ECA Marcellus Trust I has a fifty-two week low of $0.44 and a fifty-two week high of $0.69.

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.