Tullow Oil PLC (OTCMKTS:TUWOY) Sees Large Increase in Short Interest

Tullow Oil PLC (OTCMKTS:TUWOY) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 367,088 shares, a growth of 1,015.5% from the April 30th total of 32,908 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,315,654 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded Tullow Oil from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Tullow Oil Price Performance

OTCMKTS:TUWOY opened at $0.10 on Thursday. Tullow Oil has a 1 year low of $0.02 and a 1 year high of $0.13. The stock has a 50-day moving average price of $0.09 and a two-hundred day moving average price of $0.06.

Tullow Oil Company Profile

Tullow Oil plc is an independent oil and gas exploration and production company founded in 1985 and headquartered in London. The company is listed on the London Stock Exchange and its American Depositary Receipts trade over-the-counter in the U.S. under the ticker TUWOY. Since its inception, Tullow has focused on building a portfolio of upstream assets across frontier and emerging markets.

Tullow’s core activities encompass exploration, appraisal, development and production of hydrocarbons.