ECA Marcellus Trust I (OTCMKTS:ECTM) Short Interest Up 4,300.0% in February

ECA Marcellus Trust I (OTCMKTS:ECTM) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 44,000 shares, a growth of 4,300.0% from the February 13th total of 1,000 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 68,400 shares, the days-to-cover ratio is currently 0.6 days.

ECA Marcellus Trust I Stock Performance

ECA Marcellus Trust I stock opened at $0.46 on Friday. The company has a 50 day moving average price of $0.50 and a 200-day moving average price of $0.46. ECA Marcellus Trust I has a fifty-two week low of $0.37 and a fifty-two week high of $0.55. The company has a market capitalization of $8.10 million, a PE ratio of 7.67 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. Shareholders of record on Monday, February 24th were given a dividend of $0.02 per share. This represents a yield of 4%. The ex-dividend date of this dividend was Monday, February 24th. ECA Marcellus Trust I’s dividend payout ratio (DPR) is presently 133.33%.

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.