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 increase in short interest in the month of 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 days-to-cover ratio is currently 1.6 days.

Gulf Coast Ultra Deep Royalty Trust Price Performance

Shares of GULTU opened at $0.04 on Monday. 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 fifty day simple moving average is $0.05 and its 200-day simple 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.