Tgs Asa (OTCMKTS:TGSGY) Sees Significant Drop in Short Interest

Tgs Asa (OTCMKTS:TGSGY) was the target of a significant decrease in short interest during the month of 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 volume of 8,900 shares, the days-to-cover ratio is presently 0.2 days.

Tgs Asa Price Performance

Shares of OTCMKTS TGSGY traded down $0.65 during mid-day trading on Friday, hitting $8.96. 3,554 shares of the company were exchanged, compared to its average volume of 11,653. The stock has a 50 day simple moving average of $10.20 and a 200-day simple moving average of $9.94. Tgs Asa has a 1-year low of $8.70 and a 1-year high of $13.15.

Tgs Asa Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 3rd will be issued a $0.1559 dividend. This is an increase from Tgs Asa’s previous dividend of $0.14. The ex-dividend date is Monday, March 3rd. Tgs Asa’s payout ratio is presently 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.