Tullow Oil plc (OTCMKTS:TUWLF) Short Interest Update

Tullow Oil plc (OTCMKTS:TUWLFGet Rating) was the target of a significant increase in short interest during the month of December. As of December 30th, there was short interest totalling 262,800 shares, an increase of 315.2% from the December 15th total of 63,300 shares. Based on an average trading volume of 24,200 shares, the days-to-cover ratio is currently 10.9 days.

Tullow Oil Price Performance

OTCMKTS:TUWLF opened at $0.48 on Thursday. The stock’s 50-day simple moving average is $0.50 and its 200 day simple moving average is $0.53. Tullow Oil has a 52-week low of $0.42 and a 52-week high of $0.85.

Tullow Oil Company Profile

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Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. As of December 31, 2021, its portfolio comprised 30 licenses in 8 countries with 30 producing wells. The company was founded in 1985 and is headquartered in London, the United Kingdom.

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