Short Interest in Tullow Oil PLC (OTCMKTS:TUWOY) Drops By 58.6%

Tullow Oil PLC (OTCMKTS:TUWOYGet Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 33,707 shares, a decrease of 58.6% from the June 15th total of 81,457 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 351,933 shares, the days-to-cover ratio is presently 0.1 days.

Tullow Oil Stock Down 2.3%

Shares of OTCMKTS:TUWOY opened at $0.08 on Wednesday. The company has a 50 day moving average of $0.09 and a two-hundred day moving average of $0.07. Tullow Oil has a 52-week low of $0.02 and a 52-week high of $0.13.

About Tullow Oil

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Tullow Oil plc is an independent oil and gas exploration and production company founded in 1985 and headquartered in London. The company is listed on the London Stock Exchange and its American Depositary Receipts trade over-the-counter in the U.S. under the ticker TUWOY. Since its inception, Tullow has focused on building a portfolio of upstream assets across frontier and emerging markets.

Tullow’s core activities encompass exploration, appraisal, development and production of hydrocarbons.

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