Tullow Oil plc (OTCMKTS:TUWLF – Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 49,721 shares, a growth of 2,795.8% from the August 15th total of 1,717 shares. Based on an average trading volume of 2,122 shares, the days-to-cover ratio is presently 23.4 days.
Tullow Oil Stock Performance
Shares of Tullow Oil stock remained flat at $0.30 during midday trading on Thursday. Tullow Oil has a fifty-two week low of $0.05 and a fifty-two week high of $0.32. The business’s 50-day simple moving average is $0.21 and its 200 day simple moving average is $0.19.
About Tullow Oil
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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