Tullow Oil plc (OTCMKTS:TUWOY – Get Free Report) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 119,700 shares, a growth of 5,104.3% from the October 31st total of 2,300 shares. Based on an average trading volume of 91,000 shares, the days-to-cover ratio is presently 1.3 days.
Tullow Oil Price Performance
Shares of OTCMKTS TUWOY remained flat at $0.14 during trading hours on Wednesday. The company had a trading volume of 11,640 shares, compared to its average volume of 32,995. Tullow Oil has a 12 month low of $0.11 and a 12 month high of $0.25. The stock has a 50 day moving average price of $0.15 and a 200-day moving average price of $0.18.
Analysts Set New Price Targets
Separately, Barclays upgraded shares of Tullow Oil to a “strong-buy” rating in a report on Thursday, August 8th.
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.
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