Short Interest in Tullow Oil plc (OTCMKTS:TUWLF) Rises By 98.5%

Tullow Oil plc (OTCMKTS:TUWLF – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 37,339 shares, an increase of 98.5% from the July 15th total of 18,812 shares. Based on an average daily trading volume, of 717 shares, the short-interest ratio is currently 52.1 days.

Tullow Oil Stock Performance

OTCMKTS TUWLF opened at $0.19 on Tuesday. Tullow Oil has a 12 month low of $0.05 and a 12 month high of $0.26. The company’s 50 day simple moving average is $0.18 and its 200 day simple moving average is $0.17.

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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