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

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

Gulf Coast Ultra Deep Royalty Trust Price Performance

Shares of Gulf Coast Ultra Deep Royalty Trust stock remained flat at $0.01 during trading on Tuesday. The company had a trading volume of 19,791 shares, compared to its average volume of 139,420. Gulf Coast Ultra Deep Royalty Trust has a 1 year low of $0.01 and a 1 year high of $0.02. The stock has a fifty day moving average of $0.01 and a 200 day moving average of $0.01.

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.