Short Interest in Tullow Oil plc (OTCMKTS:TUWLF) Drops By 84.2%

Tullow Oil plc (OTCMKTS:TUWLFGet Free Report) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 16,955 shares, a decline of 84.2% from the June 15th total of 107,235 shares. Based on an average daily volume of 16,590 shares, the days-to-cover ratio is presently 1.0 days.

Tullow Oil Price Performance

TUWLF remained flat at $0.19 during trading on Friday. Tullow Oil has a fifty-two week low of $0.05 and a fifty-two week high of $0.26. The firm’s 50 day moving average is $0.20 and its 200 day moving average is $0.15.

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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