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

Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 93,761 shares, a decrease of 61.0% from the January 15th total of 240,669 shares. Based on an average daily volume of 2,163,694 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 2,163,694 shares, the short-interest ratio is currently 0.0 days.

Gulf Coast Ultra Deep Royalty Trust Trading Up 0.9%

Shares of GULTU opened at $0.04 on Wednesday. Gulf Coast Ultra Deep Royalty Trust has a 52-week low of $0.02 and a 52-week high of $0.07. The business’s fifty day moving average is $0.04 and its 200-day moving average is $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.