Short Interest in Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) Rises By 76.3%

Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 165,269 shares, an increase of 76.3% from the April 15th total of 93,760 shares. Based on an average trading volume of 100,902 shares, the short-interest ratio is currently 1.6 days.

Gulf Coast Ultra Deep Royalty Trust Price Performance

Shares of Gulf Coast Ultra Deep Royalty Trust stock remained flat at $0.04 during midday trading on Tuesday. The company had a trading volume of 15,235 shares, compared to its average volume of 461,756. The firm has a 50 day simple moving average of $0.05 and a 200 day simple moving average of $0.04. Gulf Coast Ultra Deep Royalty Trust has a 1-year low of $0.02 and a 1-year high of $0.08.

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.