Tullow Oil plc (OTCMKTS:TUWOY) Short Interest Down 96.6% in May

Tullow Oil plc (OTCMKTS:TUWOY) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 18,400 shares, a drop of 96.6% from the May 15th total of 533,600 shares. Based on an average daily trading volume, of 361,800 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Tullow Oil Trading Up 1.7%

OTCMKTS TUWOY opened at $0.08 on Thursday. The business’s 50-day moving average price is $0.08 and its two-hundred day moving average price is $0.10. Tullow Oil has a 12 month low of $0.03 and a 12 month high of $0.23.

Tullow Oil Company Profile

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.