Dno Asa (OTCMKTS:DTNOF) Short Interest Up 1,165.4% in April

Dno Asa (OTCMKTS:DTNOF) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 267,000 shares, an increase of 1,165.4% from the March 31st total of 21,100 shares. Based on an average daily volume of 4,600 shares, the short-interest ratio is currently 58.0 days.

Wall Street Analyst Weigh In

Separately, DNB Markets cut Dno Asa to a “hold” rating in a research note on Tuesday, April 1st.

Dno Asa Price Performance

Shares of DTNOF stock opened at $1.08 on Monday. The business’s fifty day moving average is $1.14 and its 200 day moving average is $1.05. Dno Asa has a twelve month low of $0.85 and a twelve month high of $1.35.

Dno Asa Announces Dividend

The company also recently declared a dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were paid a $0.3125 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a yield of 7.8%.

Dno Asa Company Profile

DNO ASA engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa. The company holds 75% operating interests in the Tawke and Peshkabir fields, and 64% operating interests in the e Baeshiqa license located in the Kurdistan region of Iraq; has production licenses across 10 fields Norway and two fields in the United Kingdom; and operating interests in the producing Block CI-27, as well as operates the exploration Block CI-12 in West Africa.