Short Interest in Tullow Oil plc (OTCMKTS:TUWLF) Rises By 109.6%

Tullow Oil plc (OTCMKTS:TUWLFGet Free Report) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 315,702 shares, a growth of 109.6% from the May 14th total of 150,626 shares. Based on an average daily trading volume, of 19,267 shares, the short-interest ratio is presently 16.4 days.

Tullow Oil Trading Up 0.6%

TUWLF stock opened at $0.21 on Friday. The business’s fifty day moving average price is $0.19 and its two-hundred day moving average price is $0.14. Tullow Oil has a fifty-two week low of $0.05 and a fifty-two week high of $0.27.

About Tullow Oil

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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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