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

Tullow Oil plc (OTCMKTS:TUWOY) saw a significant 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 trading volume of 162,900 shares, the short-interest ratio is presently 2.0 days.

Tullow Oil Stock Performance

Shares of TUWOY traded down $0.01 during mid-day trading on Friday, hitting $0.12. 18,651 shares of the company’s stock were exchanged, compared to its average volume of 59,788. The firm has a fifty day moving average of $0.13 and a two-hundred day moving average of $0.15. Tullow Oil has a twelve month low of $0.08 and a twelve month high of $0.25.

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.