Tullow Oil plc (OTCMKTS:TUWOY – Get Free Report) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 58,200 shares, an increase of 18.8% from the September 30th total of 49,000 shares. Based on an average trading volume of 73,500 shares, the days-to-cover ratio is presently 0.8 days.
Tullow Oil Stock Performance
Shares of OTCMKTS TUWOY opened at $0.16 on Wednesday. Tullow Oil has a 12-month low of $0.13 and a 12-month high of $0.25. The firm has a 50 day moving average of $0.16 and a 200 day moving average of $0.19.
Wall Street Analysts Forecast Growth
Separately, Barclays raised Tullow Oil to a “strong-buy” rating in a research report on Thursday, August 8th.
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.
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