Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) Sees Significant Growth in Short Interest

Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 240,669 shares, a growth of 106.9% from the December 31st total of 116,294 shares. Based on an average daily trading volume, of 843,949 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 843,949 shares, the short-interest ratio is presently 0.3 days.

Gulf Coast Ultra Deep Royalty Trust Trading Down 11.8%

Shares of Gulf Coast Ultra Deep Royalty Trust stock opened at $0.05 on Friday. The firm’s 50-day moving average is $0.04 and its two-hundred day moving average is $0.03. Gulf Coast Ultra Deep Royalty Trust has a 1 year low of $0.02 and a 1 year high of $0.07.

About Gulf Coast Ultra Deep Royalty Trust

Gulf Coast Ultra Deep Royalty Trust is a statutory trust formed in 2006 to hold overriding royalty interests in a portfolio of deepwater oil and natural gas properties in the Gulf of Mexico. The trust’s assets consist of a fixed percentage of net profits attributable to production from designated fields, enabling unitholders to participate in revenue derived from deepwater exploration and production without direct operational involvement.

The trust’s royalties are generated primarily from production in the Mars, Ursa and neighboring deepwater blocks, with sales volumes and commodity prices driving the distribution to unitholders.