Short Interest in Tullow Oil PLC (OTCMKTS:TUWOY) Grows By 1,015.5%

Tullow Oil PLC (OTCMKTS:TUWOY) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 367,088 shares, a growth of 1,015.5% from the April 30th total of 32,908 shares. Based on an average trading volume of 1,315,654 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded Tullow Oil from a “moderate sell” rating to a “hold” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Tullow Oil Stock Performance

Shares of Tullow Oil stock opened at $0.11 on Friday. The stock’s 50-day moving average is $0.09 and its 200 day moving average is $0.06. Tullow Oil has a one year low of $0.02 and a one year high of $0.13.

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.