Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) Short Interest Up 25.2% in April

Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 120,600 shares, a growth of 25.2% from the March 31st total of 96,300 shares. Based on an average daily volume of 580,400 shares, the short-interest ratio is currently 0.2 days.

Gulf Coast Ultra Deep Royalty Trust Price Performance

Shares of GULTU remained flat at $0.01 during midday trading on Tuesday. The stock had a trading volume of 1,912 shares, compared to its average volume of 166,012. The stock’s 50 day moving average is $0.01 and its 200-day moving average is $0.01. Gulf Coast Ultra Deep Royalty Trust has a 12-month low of $0.01 and a 12-month high of $0.02.

Gulf Coast Ultra Deep Royalty Trust Company Profile

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.