Short Interest in Tullow Oil plc (OTCMKTS:TUWOY) Drops By 31.2%

Tullow Oil plc (OTCMKTS:TUWOY) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 221,300 shares, a decrease of 31.2% from the December 31st total of 321,800 shares. Based on an average daily trading volume, of 170,200 shares, the days-to-cover ratio is currently 1.3 days.

Tullow Oil Stock Performance

TUWOY stock traded down $0.00 during mid-day trading on Friday, hitting $0.12. The company had a trading volume of 40,032 shares, compared to its average volume of 59,788. Tullow Oil has a 12 month low of $0.08 and a 12 month high of $0.25. The stock’s fifty day moving average price is $0.13 and its two-hundred day moving average price is $0.15.

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.