Short Interest in Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) Drops By 9.5%

Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 93,800 shares, a decrease of 9.5% from the May 31st total of 103,700 shares. Based on an average daily trading volume, of 167,200 shares, the short-interest ratio is currently 0.6 days.

Gulf Coast Ultra Deep Royalty Trust Price Performance

Shares of OTCMKTS GULTU opened at $0.01 on Wednesday. Gulf Coast Ultra Deep Royalty Trust has a fifty-two week low of $0.01 and a fifty-two week high of $0.02. The firm’s 50-day simple moving average is $0.01 and its 200 day simple moving average is $0.01.

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.