Short Interest in Tullow Oil PLC (OTCMKTS:TUWOY) Drops By 82.6%

Tullow Oil PLC (OTCMKTS:TUWOY) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 81,457 shares, a drop of 82.6% from the May 31st total of 466,893 shares. Based on an average daily trading volume, of 314,181 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Tullow Oil Stock Performance

Shares of OTCMKTS:TUWOY opened at $0.08 on Friday. The business has a fifty day moving average of $0.09 and a two-hundred day moving average of $0.07. Tullow Oil has a 52-week low of $0.02 and a 52-week high of $0.13.

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.