Short Interest in Dno Asa (OTCMKTS:DTNOF) Declines By 88.9%

Dno Asa (OTCMKTS:DTNOF) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 21,100 shares, a decline of 88.9% from the March 15th total of 190,700 shares. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is presently 10.0 days.

Dno Asa Stock Down 3.6 %

Shares of Dno Asa stock traded down $0.04 during midday trading on Tuesday, reaching $1.08. 22,323 shares of the company’s stock traded hands, compared to its average volume of 5,185. Dno Asa has a 52 week low of $0.85 and a 52 week high of $1.35. The company’s 50 day simple moving average is $1.14 and its 200 day simple moving average is $1.06.

Dno Asa Announces Dividend

The business also recently announced a dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were issued a dividend of $0.3125 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a yield of 7.8%.

Analysts Set New Price Targets

Separately, DNB Markets downgraded Dno Asa to a “hold” rating in a report on Tuesday, April 1st.

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.