Short Interest in Tullow Oil plc (OTCMKTS:TUWOY) Rises By 54.3%

Tullow Oil plc (OTCMKTS:TUWOY) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 601,400 shares, a growth of 54.3% from the February 28th total of 389,800 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 265,600 shares, the days-to-cover ratio is presently 2.3 days.

Tullow Oil Stock Performance

Shares of Tullow Oil stock opened at $0.08 on Tuesday. The stock’s fifty day moving average price is $0.10 and its 200-day moving average price is $0.13. Tullow Oil has a 12 month low of $0.03 and a 12 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.