Tullow Oil PLC (OTCMKTS:TUWOY) Sees Significant Growth in Short Interest

Tullow Oil PLC (OTCMKTS:TUWOY) was the recipient of a significant increase in short interest in October. As of October 30th, there was short interest totaling 195,004 shares, an increase of 3,899,980.0% from the October 15th total of 5 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 224,259 shares, the short-interest ratio is currently 0.9 days.

Tullow Oil Stock Performance

Tullow Oil stock opened at $0.06 on Wednesday. Tullow Oil has a 12-month low of $0.02 and a 12-month high of $0.17. The company has a 50-day moving average price of $0.10 and a 200 day moving average price of $0.08.

Analyst Ratings Changes

Separately, Barclays restated an “overweight” rating on shares of Tullow Oil in a research report on Monday, October 5th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Tullow Oil Company Profile

Tullow Oil plc is an independent oil and gas exploration and production company. Its activities include identifying hydrocarbon resources, developing oil and gas fields, and producing and marketing crude oil and natural gas. The company’s portfolio has historically been concentrated in Africa, with operations and interests in countries including Ghana, Côte d’Ivoire and Gabon. Tullow is best known for its interests in Ghana’s Jubilee and Tweneboa, Enyenra and Ntomme (TEN) fields. The Jubilee field began production in 2010, followed by the TEN development in 2016.