Short Interest in Tullow Oil PLC (OTCMKTS:TUWOY) Increases By 193.9%

Key Points

• Tullow Oil PLC experienced a significant increase in short interest, with totals rising by 193.9% from mid-July to the end of July, amounting to 317,100 shares.
• The stock's price performance shows it opened at $0.07 on Friday, with a twelve-month low of $0.03 and a high of $0.20.
• As of now, virtually 0.0% of Tullow Oil's stock is short sold, indicating a relatively low level of bearish sentiment amongst investors.

Tullow Oil PLC (OTCMKTS:TUWOY - Get Free Report) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 317,100 shares, anincreaseof193.9% from the July 15th total of 107,900 shares. Approximately0.0% of the company's stock are sold short. Based on an average trading volume of 261,600 shares, the short-interest ratio is currently 1.2 days. Based on an average trading volume of 261,600 shares, the short-interest ratio is currently 1.2 days. Approximately0.0% of the company's stock are sold short.

Tullow Oil Stock Up 2.8%

Tullow Oil stock traded up $0.0018 during mid-day trading on Wednesday, hitting $0.0659. The company's stock had a trading volume of 677,656 shares, compared to its average volume of 145,868. The firm's 50 day moving average is $0.09 and its 200 day moving average is $0.09. Tullow Oil has a 52-week low of $0.03 and a 52-week high of $0.1904.

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.