Tullow Oil PLC (OTCMKTS:TUWOY – Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 32,908 shares, a drop of 81.8% from the April 15th total of 181,225 shares. Based on an average trading volume of 471,417 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.
Tullow Oil Price Performance
OTCMKTS TUWOY opened at $0.09 on Tuesday. The company’s fifty day simple moving average is $0.08 and its 200-day simple moving average is $0.06. Tullow Oil has a 52 week low of $0.02 and a 52 week 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 analyst has rated the stock with a Hold rating, According to MarketBeat.com, Tullow Oil 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.
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