Tullow Oil plc (OTCMKTS:TUWOY – Get Free Report) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 119,700 shares, an increase of 5,104.3% from the October 31st total of 2,300 shares. Based on an average daily trading volume, of 91,000 shares, the short-interest ratio is currently 1.3 days.
Tullow Oil Price Performance
OTCMKTS TUWOY opened at $0.14 on Friday. Tullow Oil has a 12-month low of $0.11 and a 12-month high of $0.25. The firm has a 50-day moving average price of $0.15 and a two-hundred day moving average price of $0.18.
Wall Street Analysts Forecast Growth
Separately, Barclays upgraded shares of Tullow Oil to a “strong-buy” rating in a research note 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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