Tullow Oil plc (OTCMKTS:TUWLF) Sees Significant Decrease in Short Interest

Tullow Oil plc (OTCMKTS:TUWLFGet Free Report) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 107,235 shares, a drop of 66.0% from the May 31st total of 315,702 shares. Based on an average trading volume of 42,365 shares, the days-to-cover ratio is presently 2.5 days.

Tullow Oil Stock Performance

Shares of TUWLF opened at $0.15 on Friday. Tullow Oil has a fifty-two week low of $0.05 and a fifty-two week high of $0.26. The firm has a 50 day moving average price of $0.20 and a 200-day moving average price of $0.15.

About Tullow Oil

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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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