ECA Marcellus Trust I (OTCMKTS:ECTM – Get Rating) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 7,900 shares, a growth of 259.1% from the January 31st total of 2,200 shares. Based on an average trading volume of 108,600 shares, the days-to-cover ratio is presently 0.1 days.
ECA Marcellus Trust I Stock Performance
ECTM traded up $0.04 during midday trading on Tuesday, hitting $1.54. The company had a trading volume of 74,137 shares, compared to its average volume of 68,704. The company has a market capitalization of $27.10 million, a PE ratio of 2.53 and a beta of 0.93. ECA Marcellus Trust I has a twelve month low of $1.01 and a twelve month high of $3.50. The firm's 50-day simple moving average is $1.75 and its 200-day simple moving average is $2.35.
Get ECA Marcellus Trust I alerts:ECA Marcellus Trust I Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Tuesday, February 28th. Investors of record on Monday, February 20th will be paid a dividend of $0.124 per share. This represents a yield of 32%. The ex-dividend date of this dividend is Friday, February 17th. ECA Marcellus Trust I's payout ratio is 84.75%.
ECA Marcellus Trust I Company Profile
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ECA Marcellus Trust I is a statutory trust. It owns royalty interest in producing wells and development wells. It also acquires horizontal natural gas development wells to be drilled to the Marcellus Shale formation. The company was founded in March 2010 and is headquartered in Houston, TX.
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