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 during the month of April. As of April 30th, there was short interest totaling 165,269 shares, a growth of 76.3% from the April 15th total of 93,760 shares. Based on an average daily volume of 100,902 shares, the days-to-cover ratio is presently 1.6 days.

Gulf Coast Ultra Deep Royalty Trust Stock Performance

GULTU stock opened at $0.04 on Monday. Gulf Coast Ultra Deep Royalty Trust has a 52 week low of $0.02 and a 52 week high of $0.08. The company has a fifty day simple moving average of $0.05 and a two-hundred day simple moving average of $0.04.

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.