Tullow Oil PLC (OTCMKTS:TUWOY – Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 5 shares, a drop of 99.2% from the September 15th total of 625 shares. Based on an average daily volume of 599,613 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.
Wall Street Analyst Weigh In
Separately, Barclays restated an “overweight” rating on shares of Tullow Oil in a report on Monday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.
View Our Latest Research Report on Tullow Oil
Tullow Oil Trading Down 2.3%
About Tullow Oil
Tullow Oil plc is an independent oil and gas exploration and production company focused primarily on sub-Saharan Africa. The company’s activities include identifying and developing hydrocarbon resources, operating and participating in offshore oil fields, and producing and selling crude oil and associated natural gas.
Tullow’s principal assets are in Ghana, where it holds interests in the Jubilee and TEN (Tweneboa, Enyenra and Ntomme) offshore fields. These fields form the core of the company’s production portfolio and are supported by offshore platforms, subsea infrastructure and related processing and export facilities.
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