Short Interest in Tullow Oil PLC (OTCMKTS:TUWOY) Grows By 1,015.5%

Tullow Oil PLC (OTCMKTS:TUWOY) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 367,088 shares, an increase of 1,015.5% from the April 30th total of 32,908 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,315,654 shares, the days-to-cover ratio is currently 0.3 days.

Tullow Oil Stock Performance

Shares of TUWOY traded down $0.00 during mid-day trading on Wednesday, reaching $0.10. The stock had a trading volume of 219,057 shares, compared to its average volume of 432,842. Tullow Oil has a 12 month low of $0.02 and a 12 month high of $0.13. The business has a fifty day moving average of $0.09 and a 200 day moving average of $0.06.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded shares of Tullow Oil from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Tullow Oil presently has a consensus rating of “Hold”.

About Tullow Oil

Tullow Oil plc is an independent oil and gas exploration and production company founded in 1985 and headquartered in London. The company is listed on the London Stock Exchange and its American Depositary Receipts trade over-the-counter in the U.S. under the ticker TUWOY. Since its inception, Tullow has focused on building a portfolio of upstream assets across frontier and emerging markets.

Tullow’s core activities encompass exploration, appraisal, development and production of hydrocarbons.