Tullow Oil plc (OTCMKTS:TUWLF) Sees Significant Growth in Short Interest

Tullow Oil plc (OTCMKTS:TUWLF) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 246,900 shares, a growth of 24.9% from the August 15th total of 197,600 shares. Based on an average daily trading volume, of 1,800 shares, the days-to-cover ratio is presently 137.2 days.

Tullow Oil Stock Down 10.6 %

OTCMKTS:TUWLF traded down $0.03 during mid-day trading on Monday, reaching $0.27. The company’s stock had a trading volume of 100 shares, compared to its average volume of 5,922. The company’s fifty day simple moving average is $0.36 and its two-hundred day simple moving average is $0.41. Tullow Oil has a twelve month low of $0.27 and a twelve month high of $0.50.

About Tullow Oil

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.