Tullow Oil PLC (OTCMKTS:TUWOY) Shares Shorted: Short Interest Down 99.2% in September

Tullow Oil PLC (OTCMKTS:TUWOY) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 5 shares, a drop of 99.2% from the September 15th total of 625 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 599,613 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Barclays reiterated an “overweight” rating on shares of Tullow Oil in a research note on Monday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Tullow Oil Stock Performance

OTCMKTS TUWOY traded down $0.00 during trading on Friday, hitting $0.07. 235,425 shares of the stock traded hands, compared to its average volume of 369,971. Tullow Oil has a 12-month low of $0.02 and a 12-month high of $0.17. The firm has a 50-day simple moving average of $0.11 and a 200-day simple moving average of $0.09.

About Tullow Oil

Tullow Oil plc is an independent oil and gas exploration and production company focused primarily on sub-Saharan Africa. The company’s activities include identifying and developing hydrocarbon resources, operating and participating in offshore oil fields, and producing and selling crude oil and associated natural gas.

Tullow’s principal assets are in Ghana, where it holds interests in the Jubilee and TEN (Tweneboa, Enyenra and Ntomme) offshore fields. These fields form the core of the company’s production portfolio and are supported by offshore platforms, subsea infrastructure and related processing and export facilities.