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

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

Gulf Coast Ultra Deep Royalty Trust Trading Down 11.1%

Shares of OTCMKTS:GULTU opened at $0.04 on Thursday. Gulf Coast Ultra Deep Royalty Trust has a twelve month low of $0.02 and a twelve month high of $0.08. The company’s 50 day moving average is $0.04 and its 200 day moving average 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.