Tgs Asa (OTCMKTS:TGSGY) Sees Large Increase in Short Interest

Tgs Asa (OTCMKTS:TGSGY) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 5,000 shares, a growth of 212.5% from the February 28th total of 1,600 shares. Based on an average daily volume of 9,800 shares, the short-interest ratio is currently 0.5 days.

Tgs Asa Stock Performance

Shares of OTCMKTS:TGSGY opened at $9.96 on Friday. Tgs Asa has a 52-week low of $8.70 and a 52-week high of $13.15. The business has a 50-day moving average price of $10.01 and a 200-day moving average price of $9.82.

Tgs Asa Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1559 per share. The ex-dividend date was Monday, March 3rd. This is a positive change from Tgs Asa’s previous dividend of $0.14. Tgs Asa’s dividend payout ratio (DPR) is currently 45.30%.

Tgs Asa Company Profile

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.