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

Tullow Oil plc (OTCMKTS:TUWLFGet Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 150,626 shares, an increase of 147,572.5% from the April 30th total of 102 shares. Based on an average daily volume of 5,986 shares, the short-interest ratio is presently 25.2 days.

Tullow Oil Price Performance

OTCMKTS:TUWLF remained flat at $0.22 during trading hours on Wednesday. The company had a trading volume of 1,500 shares, compared to its average volume of 10,587. Tullow Oil has a twelve month low of $0.05 and a twelve month high of $0.27. The business’s 50 day moving average is $0.19 and its two-hundred day moving average is $0.13.

Tullow Oil Company Profile

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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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