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

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

Analyst Ratings Changes

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

Tullow Oil Stock Up 2.3%

Tullow Oil stock traded up $0.00 during mid-day trading on Tuesday, reaching $0.06. The company’s stock had a trading volume of 111,830 shares, compared to its average volume of 346,805. The firm’s fifty day moving average price is $0.10 and its two-hundred day moving average price is $0.08. Tullow Oil has a 12-month low of $0.02 and a 12-month high of $0.17.

Tullow Oil Company Profile

Tullow Oil plc is an independent oil and gas exploration and production company. Its activities include identifying hydrocarbon resources, developing oil and gas fields, and producing and marketing crude oil and natural gas. The company’s portfolio has historically been concentrated in Africa, with operations and interests in countries including Ghana, Côte d’Ivoire and Gabon. Tullow is best known for its interests in Ghana’s Jubilee and Tweneboa, Enyenra and Ntomme (TEN) fields. The Jubilee field began production in 2010, followed by the TEN development in 2016.