Short Interest in Tgs Asa (OTCMKTS:TGSGY) Drops By 94.4%

Tgs Asa (OTCMKTS:TGSGY) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 200 shares, a decline of 94.4% from the September 30th total of 3,600 shares. Based on an average daily volume of 12,500 shares, the days-to-cover ratio is presently 0.0 days.

Tgs Asa Price Performance

TGSGY traded up $0.29 during mid-day trading on Friday, hitting $9.61. 1,867 shares of the stock were exchanged, compared to its average volume of 14,792. The firm’s fifty day moving average is $10.18 and its two-hundred day moving average is $11.16. Tgs Asa has a 1-year low of $8.75 and a 1-year high of $14.65.

Tgs Asa Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 4th will be given a dividend of $0.1396 per share. The ex-dividend date is Monday, November 4th. This is a boost from Tgs Asa’s previous dividend of $0.09. Tgs Asa’s dividend payout ratio 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.