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

Tgs Asa (OTCMKTS:TGSGY) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 2,700 shares, an increase of 92.9% from the February 29th total of 1,400 shares. Based on an average trading volume of 216,400 shares, the days-to-cover ratio is currently 0.0 days.

Tgs Asa Stock Performance

Shares of Tgs Asa stock opened at $10.81 on Thursday. Tgs Asa has a 52 week low of $8.96 and a 52 week high of $17.33. The business has a 50 day moving average of $10.02 and a 200 day moving average of $11.93.

Tgs Asa Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, February 26th were issued a $0.0924 dividend. This is an increase from Tgs Asa’s previous dividend of $0.09. The ex-dividend date of this dividend was Friday, February 23rd. Tgs Asa’s payout ratio is presently 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.