Tullow Oil plc (OTCMKTS:TUWLF – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 49,721 shares, an increase of 2,795.8% from the August 15th total of 1,717 shares. Based on an average daily trading volume, of 2,122 shares, the short-interest ratio is currently 23.4 days.
Tullow Oil Price Performance
TUWLF remained flat at $0.30 on Thursday. Tullow Oil has a 52-week low of $0.05 and a 52-week high of $0.32. The firm’s 50 day moving average is $0.21 and its 200-day moving average is $0.19.
Tullow Oil Company Profile
Tullow Oil PLC (OTCMKTS:TUWLF) is an independent oil and gas exploration and production company headquartered in London. The firm focuses on upstream activities, including the identification, appraisal, development and production of hydrocarbon resources. Tullow’s portfolio spans exploration licences through to producing assets, with a strategy centered on value-generative projects and rigorous capital discipline.
The company maintains a diversified geographic footprint, with operations across Africa, South America, Europe and Asia.
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