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

Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 139,200 shares, a growth of 48.4% from the March 15th total of 93,800 shares. Based on an average daily volume of 223,100 shares, the short-interest ratio is currently 0.6 days.

Gulf Coast Ultra Deep Royalty Trust Stock Up 25.6 %

Shares of GULTU stock opened at $0.03 on Friday. Gulf Coast Ultra Deep Royalty Trust has a fifty-two week low of $0.01 and a fifty-two week high of $0.04. The stock’s fifty day moving average price is $0.03 and its two-hundred day moving average price is $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.