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

Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTUGet Rating) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 93,600 shares, a decline of 45.5% from the April 30th total of 171,600 shares. Based on an average trading volume of 351,100 shares, the short-interest ratio is currently 0.3 days.

Shares of OTCMKTS GULTU traded down $0.01 during midday trading on Friday, reaching $0.07. The company had a trading volume of 177,207 shares, compared to its average volume of 447,100. Gulf Coast Ultra Deep Royalty Trust has a one year low of $0.01 and a one year high of $0.09. The firm’s fifty day moving average price is $0.05 and its 200-day moving average price is $0.03.

The firm also recently declared a dividend, which was paid on Friday, May 13th. Shareholders of record on Friday, April 29th were given a dividend of $0.0011 per share. This represents a yield of 9.64%. The ex-dividend date of this dividend was Thursday, April 28th.

Gulf Coast Ultra Deep Royalty Trust Company Profile (Get Rating)

Gulf Coast Ultra Deep Royalty Trust operates as a statutory trust. It holds a 5% gross overriding royalty interest in future production from the McMoRan Oil & Gas LLC inboard lower tertiary/cretaceous exploration prospects located in the shallow waters of the Gulf of Mexico and onshore in South Louisiana.

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