Short Interest in Tullow Oil plc (OTCMKTS:TUWOY) Drops By 99.4%

Tullow Oil plc (OTCMKTS:TUWOY) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 100 shares, a decline of 99.4% from the August 15th total of 15,700 shares. Based on an average trading volume of 48,500 shares, the days-to-cover ratio is presently 0.0 days.

Tullow Oil Stock Down 5.0 %

Tullow Oil stock traded down $0.01 during midday trading on Thursday, hitting $0.21. The stock had a trading volume of 8,897 shares, compared to its average volume of 35,002. The business has a fifty day moving average price of $0.21 and a 200 day moving average price of $0.18. Tullow Oil has a 12 month low of $0.13 and a 12 month high of $0.31.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TUWOY. Barclays raised their price objective on Tullow Oil from GBX 49 ($0.61) to GBX 53 ($0.66) in a research note on Tuesday, June 20th. Stifel Nicolaus cut their price target on shares of Tullow Oil from GBX 41 ($0.51) to GBX 39 ($0.49) in a report on Wednesday, August 23rd.

About Tullow Oil

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