Short Interest in Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) Drops By 39.0%

Gulf Coast Ultra Deep Royalty Trust (OTCMKTS:GULTU) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 115,100 shares, a decrease of 39.0% from the November 30th total of 188,800 shares. Based on an average daily volume of 1,271,800 shares, the short-interest ratio is currently 0.1 days.

Gulf Coast Ultra Deep Royalty Trust Trading Up 1.7 %

Gulf Coast Ultra Deep Royalty Trust stock opened at $0.03 on Friday. Gulf Coast Ultra Deep Royalty Trust has a twelve month low of $0.01 and a twelve month high of $0.04. The firm’s 50 day moving average price is $0.02 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.