Tullow Oil plc (OTCMKTS:TUWOY) Sees Large Growth in Short Interest

Tullow Oil plc (OTCMKTS:TUWOY) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 321,800 shares, a growth of 158.9% from the December 31st total of 124,300 shares. Based on an average daily trading volume, of 162,900 shares, the short-interest ratio is currently 2.0 days.

Tullow Oil Stock Performance

Shares of OTCMKTS TUWOY opened at $0.13 on Thursday. Tullow Oil has a 12-month low of $0.08 and a 12-month high of $0.25. The firm’s 50-day moving average price is $0.13 and its 200-day moving average price is $0.15.

Tullow Oil Company Profile

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa, Europe, and South America. The company was founded in 1985 and is headquartered in London, the United Kingdom.