Short Interest in Tgs Asa (OTCMKTS:TGSGY) Drops By 61.9%

Tgs Asa (OTCMKTS:TGSGY) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 1,600 shares, a decrease of 61.9% from the February 13th total of 4,200 shares. Based on an average daily trading volume, of 8,900 shares, the days-to-cover ratio is currently 0.2 days.

Tgs Asa Stock Up 2.6 %

OTCMKTS:TGSGY opened at $9.61 on Thursday. Tgs Asa has a twelve month low of $8.70 and a twelve month high of $13.15. The stock’s 50-day simple moving average is $10.23 and its 200 day simple moving average is $9.94.

Tgs Asa Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 3rd will be given a dividend of $0.1559 per share. This is a boost from Tgs Asa’s previous dividend of $0.14. The ex-dividend date is Monday, March 3rd. Tgs Asa’s dividend payout ratio is currently 45.30%.

About Tgs Asa

TGS ASA provides geoscience data services to the oil and gas industry worldwide. The company offers geophysical data, including multi-client seismic data; geological data comprising well data products, and interpretive studies and services; and interpretation products and data integration solutions. It also provides imaging services, which include 2D and 3D seismic imaging solution in depth and time domains; marine, land, and ocean bottom nodes; and transition zone, multi component, and 4D time-lapse processing.