Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) Short Interest Update

Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 103,700 shares, an increase of 8.4% from the May 15th total of 95,700 shares. Based on an average daily trading volume, of 77,800 shares, the days-to-cover ratio is presently 1.3 days.

Gulf Coast Ultra Deep Royalty Trust Stock Performance

Shares of GULTU opened at $0.01 on Tuesday. The company’s fifty day simple moving average is $0.01 and its 200 day simple moving average is $0.01. Gulf Coast Ultra Deep Royalty Trust has a 1-year low of $0.01 and a 1-year high of $0.02.

About Gulf Coast Ultra Deep Royalty Trust

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.