Short Interest in Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) Drops By 43.3%

Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 93,760 shares, a decline of 43.3% from the April 30th total of 165,269 shares. Based on an average trading volume of 124,517 shares, the short-interest ratio is currently 0.8 days.

Gulf Coast Ultra Deep Royalty Trust Stock Up 15.1%

GULTU stock traded up $0.01 during midday trading on Tuesday, hitting $0.05. The stock had a trading volume of 492,257 shares, compared to its average volume of 461,362. Gulf Coast Ultra Deep Royalty Trust has a 12-month low of $0.02 and a 12-month high of $0.08. The company’s 50-day moving average price is $0.04 and its 200 day moving average price is $0.04.

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.