Short Interest in Tullow Oil PLC (OTCMKTS:TUWOY) Grows By 1,015.5%

Tullow Oil PLC (OTCMKTS:TUWOY) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 367,088 shares, a growth of 1,015.5% from the April 30th total of 32,908 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,315,654 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised shares of Tullow Oil from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Tullow Oil Stock Down 3.3%

TUWOY stock traded down $0.00 during midday trading on Wednesday, reaching $0.10. 219,057 shares of the company’s stock traded hands, compared to its average volume of 432,842. Tullow Oil has a 52-week low of $0.02 and a 52-week high of $0.13. The stock’s 50-day moving average is $0.09 and its 200 day moving average is $0.06.

Tullow Oil Company Profile

Tullow Oil plc is an independent oil and gas exploration and production company founded in 1985 and headquartered in London. The company is listed on the London Stock Exchange and its American Depositary Receipts trade over-the-counter in the U.S. under the ticker TUWOY. Since its inception, Tullow has focused on building a portfolio of upstream assets across frontier and emerging markets.

Tullow’s core activities encompass exploration, appraisal, development and production of hydrocarbons.