Tullow Oil PLC (OTCMKTS:TUWOY) Shares Shorted: Short Interest Up 3,899,980.0% in October

Tullow Oil PLC (OTCMKTS:TUWOY) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 195,004 shares, an increase of 3,899,980.0% from the October 15th total of 5 shares. Based on an average daily volume of 224,259 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the company’s shares are sold short.

Tullow Oil Stock Performance

Shares of OTCMKTS:TUWOY opened at $0.06 on Thursday. The firm has a 50 day simple moving average of $0.09 and a 200 day simple moving average of $0.08. Tullow Oil has a 52 week low of $0.02 and a 52 week high of $0.17.

Analyst Upgrades and Downgrades

Separately, Barclays restated an “overweight” rating on shares of Tullow Oil in a report on Monday, October 5th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Tullow Oil Company Profile

Tullow Oil is an independent oil and gas exploration and production company focused on Africa. Its activities include finding, developing and producing crude oil and natural gas, with an emphasis on offshore projects. The company’s history in the region includes its role in the discovery and development of Ghana’s offshore Jubilee field, which began production in 2010. Tullow has also been involved in other Ghanaian offshore projects, including the Tweneboa, Enyenra and Ntomme (TEN) fields, and has held interests in assets in countries such as Côte d’Ivoire and Gabon.