Tullow Oil plc (OTCMKTS:TUWLF – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 49,721 shares, an increase of 2,795.8% from the August 15th total of 1,717 shares. Based on an average daily volume of 2,122 shares, the days-to-cover ratio is currently 23.4 days.
Tullow Oil Price Performance
TUWLF stock opened at $0.30 on Friday. The firm has a 50 day simple moving average of $0.22 and a two-hundred day simple moving average of $0.19. Tullow Oil has a one year low of $0.05 and a one year high of $0.32.
About Tullow Oil
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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