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

Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 116,294 shares, an increase of 24.0% from the December 15th total of 93,761 shares. Based on an average daily volume of 628,601 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 628,601 shares, the days-to-cover ratio is currently 0.2 days.

Gulf Coast Ultra Deep Royalty Trust Stock Up 36.0%

Shares of OTCMKTS:GULTU opened at $0.07 on Friday. Gulf Coast Ultra Deep Royalty Trust has a 12-month low of $0.02 and a 12-month high of $0.07. The business has a fifty day simple moving average of $0.03 and a 200 day simple moving average of $0.03.

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.