Tullow Oil plc (OTCMKTS:TUWOY – Get Free Report) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 119,700 shares, a growth of 5,104.3% from the October 31st total of 2,300 shares. Based on an average daily volume of 91,000 shares, the short-interest ratio is currently 1.3 days.
Tullow Oil Price Performance
Shares of TUWOY opened at $0.14 on Thursday. Tullow Oil has a one year low of $0.11 and a one year high of $0.25. The stock has a 50-day moving average price of $0.15 and a 200 day moving average price of $0.18.
Wall Street Analysts Forecast Growth
Separately, Barclays upgraded shares of Tullow Oil to a “strong-buy” rating in a report on Thursday, August 8th.
About Tullow Oil
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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