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

Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 188,800 shares, a growth of 92.8% from the November 15th total of 97,900 shares. Based on an average daily volume of 15,760,500 shares, the days-to-cover ratio is presently 0.0 days.

Gulf Coast Ultra Deep Royalty Trust Stock Performance

GULTU traded down $0.00 on Friday, reaching $0.03. The company had a trading volume of 237,335 shares, compared to its average volume of 465,102. Gulf Coast Ultra Deep Royalty Trust has a one year low of $0.01 and a one year high of $0.04. The company has a fifty day moving average of $0.02 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.