Tullow Oil plc (OTCMKTS:TUWLF) Sees Significant Increase in Short Interest

Tullow Oil plc (OTCMKTS:TUWLFGet Free Report) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 315,702 shares, a growth of 109.6% from the May 14th total of 150,626 shares. Based on an average trading volume of 19,267 shares, the short-interest ratio is presently 16.4 days.

Tullow Oil Price Performance

Shares of TUWLF stock opened at $0.21 on Friday. The firm has a fifty day moving average of $0.19 and a 200-day moving average of $0.14. Tullow Oil has a 12-month low of $0.05 and a 12-month high of $0.27.

Tullow Oil Company Profile

(Get Free Report)

Tullow Oil PLC (OTCMKTS:TUWLF) is an independent oil and gas exploration and production company headquartered in London. The firm focuses on upstream activities, including the identification, appraisal, development and production of hydrocarbon resources. Tullow’s portfolio spans exploration licences through to producing assets, with a strategy centered on value-generative projects and rigorous capital discipline.

The company maintains a diversified geographic footprint, with operations across Africa, South America, Europe and Asia.

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