Tullow Oil plc (OTCMKTS:TUWOY) Short Interest Up 5,104.3% in November

Tullow Oil plc (OTCMKTS:TUWOY) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 119,700 shares, an increase of 5,104.3% from the October 31st total of 2,300 shares. Based on an average trading volume of 91,000 shares, the short-interest ratio is currently 1.3 days.

Analysts Set New Price Targets

Separately, Barclays raised shares of Tullow Oil to a “strong-buy” rating in a report on Thursday, August 8th.

Tullow Oil Price Performance

Shares of Tullow Oil stock opened at $0.14 on Friday. The company has a 50 day moving average of $0.15 and a 200-day moving average of $0.18. Tullow Oil has a 1-year low of $0.11 and a 1-year high of $0.25.

Tullow Oil Company Profile

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.