Tullow Oil plc (OTCMKTS:TUWLF – Get Free Report) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 107,235 shares, a decrease of 66.0% from the May 31st total of 315,702 shares. Based on an average daily trading volume, of 42,365 shares, the days-to-cover ratio is presently 2.5 days.
Tullow Oil Trading Down 21.5%
Shares of OTCMKTS TUWLF opened at $0.15 on Friday. The firm has a 50-day simple moving average of $0.20 and a 200-day simple moving average of $0.15. Tullow Oil has a 52 week low of $0.05 and a 52 week high of $0.26.
About Tullow Oil
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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