Short Interest in Tullow Oil plc (OTCMKTS:TUWLF) Drops By 92.9%

Tullow Oil plc (OTCMKTS:TUWLF) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 882,400 shares, a decrease of 92.9% from the March 15th total of 12,436,600 shares. Based on an average trading volume of 1,400 shares, the short-interest ratio is currently 630.3 days.

Tullow Oil Stock Performance

TUWLF stock remained flat at $0.19 during midday trading on Monday. Tullow Oil has a 1-year low of $0.19 and a 1-year high of $0.50. The firm has a fifty day simple moving average of $0.21 and a two-hundred day simple moving average of $0.26.

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.