Short Interest in Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) Drops By 61.0%

Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 93,761 shares, a decrease of 61.0% from the January 15th total of 240,669 shares. Based on an average daily trading volume, of 2,163,694 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 2,163,694 shares, the days-to-cover ratio is presently 0.0 days.

Gulf Coast Ultra Deep Royalty Trust Price Performance

Shares of GULTU opened at $0.04 on Thursday. The firm has a fifty day simple moving average of $0.04 and a two-hundred day simple moving average of $0.03. Gulf Coast Ultra Deep Royalty Trust has a twelve month low of $0.02 and a twelve month high of $0.07.

Gulf Coast Ultra Deep Royalty Trust Company Profile

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.