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

Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 155,100 shares, an increase of 65.4% from the August 15th total of 93,800 shares. Based on an average daily trading volume, of 275,200 shares, the days-to-cover ratio is currently 0.6 days.

Gulf Coast Ultra Deep Royalty Trust Price Performance

OTCMKTS GULTU opened at $0.01 on Friday. The business has a 50-day moving average price of $0.01 and a 200-day moving average price of $0.02. Gulf Coast Ultra Deep Royalty Trust has a twelve month low of $0.00 and a twelve month high of $0.05.

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.