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

Tullow Oil plc (OTCMKTS:TUWLF – Get Free Report) was the target of a significant growth in short interest during the month of 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 daily volume of 19,267 shares, the days-to-cover ratio is currently 16.4 days.

Tullow Oil Stock Performance

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

About Tullow Oil

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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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