Short Interest in Tullow Oil plc (OTCMKTS:TUWOY) Expands By 158.9%

Tullow Oil plc (OTCMKTS:TUWOY) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 321,800 shares, a growth of 158.9% from the December 15th total of 124,300 shares. Based on an average daily volume of 162,900 shares, the days-to-cover ratio is currently 2.0 days.

Tullow Oil Price Performance

Shares of OTCMKTS:TUWOY traded up $0.00 during midday trading on Wednesday, reaching $0.14. The company had a trading volume of 42,936 shares, compared to its average volume of 84,660. The company’s 50 day moving average price is $0.13 and its 200 day moving average price is $0.16. Tullow Oil has a 52-week low of $0.08 and a 52-week high of $0.25.

About Tullow Oil

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa, Europe, and South America. The company was founded in 1985 and is headquartered in London, the United Kingdom.