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

by · The Cerbat Gem

Tullow Oil plc (OTCMKTS:TUWOY – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 68,900 shares, an increase of 7,555.6% from the August 31st total of 900 shares. Based on an average daily volume of 75,000 shares, the short-interest ratio is presently 0.9 days.

Tullow Oil Stock Up 1.2 %

Shares of OTCMKTS:TUWOY opened at $0.16 on Friday. Tullow Oil has a 1 year low of $0.13 and a 1 year high of $0.25. The business’s 50 day moving average price is $0.17 and its 200-day moving average price is $0.19.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of Tullow Oil to a “strong-buy” rating in a research report on Thursday, August 8th.

Check Out Our Latest Research Report on TUWOY

Tullow Oil Company Profile

(Get Free Report)

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa, Europe, and South America. The company was founded in 1985 and is headquartered in London, the United Kingdom.

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