Tullow Oil plc (OTCMKTS:TUWOY – Get Free Report) was the target of a significant increase in short interest in 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 days-to-cover ratio is currently 0.9 days.
Tullow Oil Stock Performance
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 company has a 50 day moving average price of $0.17 and a 200 day moving average price of $0.19.
Wall Street Analysts Forecast Growth
Separately, Barclays upgraded shares of Tullow Oil to a “strong-buy” rating in a research note on Thursday, August 8th.
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.
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