Tullow Oil plc (OTCMKTS:TUWLF) Short Interest Up 39.8% in May

Tullow Oil plc (OTCMKTS:TUWLF) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 1,006,000 shares, an increase of 39.8% from the April 30th total of 719,500 shares. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is currently 419.2 days.

Tullow Oil Stock Performance

Tullow Oil stock remained flat at $0.20 during mid-day trading on Monday. Tullow Oil has a 12 month low of $0.15 and a 12 month high of $0.49. The business’s fifty day simple moving average is $0.18 and its 200 day simple moving average is $0.23.

Tullow Oil Company Profile

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.