Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) Sees Large Increase in Short Interest

Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 240,669 shares, an increase of 106.9% from the December 31st total of 116,294 shares. Based on an average daily trading volume, of 843,949 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 843,949 shares, the days-to-cover ratio is currently 0.3 days.

Gulf Coast Ultra Deep Royalty Trust Stock Down 11.8%

Shares of OTCMKTS:GULTU opened at $0.05 on Friday. Gulf Coast Ultra Deep Royalty Trust has a one year low of $0.02 and a one year high of $0.07. The company has a 50-day simple moving average of $0.04 and a 200-day simple moving average of $0.03.

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.