Short Interest in Tullow Oil PLC (OTCMKTS:TUWOY) Drops By 81.8%

Tullow Oil PLC (OTCMKTS:TUWOY) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 32,908 shares, a decrease of 81.8% from the April 15th total of 181,225 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 471,417 shares, the days-to-cover ratio is presently 0.1 days.

Tullow Oil Stock Up 17.9%

TUWOY traded up $0.02 during midday trading on Wednesday, hitting $0.11. The stock had a trading volume of 60,618 shares, compared to its average volume of 572,074. The business has a fifty day moving average of $0.08 and a 200 day moving average of $0.06. Tullow Oil has a 1 year low of $0.02 and a 1 year high of $0.13.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised shares of Tullow Oil from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Tullow Oil

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.