Tullow Oil plc (OTCMKTS:TUWLF – Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,717 shares, a drop of 95.4% from the July 30th total of 37,339 shares. Based on an average daily volume of 71 shares, the days-to-cover ratio is presently 24.2 days.
Tullow Oil Trading Up 12.3%
Tullow Oil stock opened at $0.28 on Wednesday. The firm’s 50 day moving average price is $0.19 and its two-hundred day moving average price is $0.18. Tullow Oil has a twelve month low of $0.05 and a twelve month high of $0.28.
Tullow Oil Company Profile
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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