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

Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTUGet Rating) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 135,000 shares, an increase of 31.5% from the August 15th total of 102,700 shares. Based on an average trading volume of 1,022,000 shares, the days-to-cover ratio is currently 0.1 days.

Gulf Coast Ultra Deep Royalty Trust Price Performance

Gulf Coast Ultra Deep Royalty Trust stock opened at $0.05 on Friday. Gulf Coast Ultra Deep Royalty Trust has a twelve month low of $0.01 and a twelve month high of $0.09. The company’s 50-day moving average price is $0.05 and its two-hundred day moving average price is $0.05.

Gulf Coast Ultra Deep Royalty Trust Increases Dividend

The business also recently declared a dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were issued a $0.0013 dividend. This is a boost from Gulf Coast Ultra Deep Royalty Trust’s previous dividend of $0.00. This represents a yield of 11.74%. The ex-dividend date was Thursday, July 28th.

About Gulf Coast Ultra Deep Royalty Trust

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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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