Tgs Asa (OTCMKTS:TGSGY) Sees Large Growth in Short Interest

Tgs Asa (OTCMKTS:TGSGY) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 14,800 shares, a growth of 214.9% from the December 15th total of 4,700 shares. Based on an average trading volume of 21,400 shares, the days-to-cover ratio is currently 0.7 days.

Tgs Asa Stock Performance

Tgs Asa stock traded up $0.09 during mid-day trading on Wednesday, reaching $11.04. 49,240 shares of the company’s stock were exchanged, compared to its average volume of 27,171. The business’s fifty day simple moving average is $9.85 and its 200 day simple moving average is $10.42. Tgs Asa has a one year low of $8.75 and a one year high of $13.15.

Tgs Asa Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 4th were paid a dividend of $0.1396 per share. This is a boost from Tgs Asa’s previous dividend of $0.09. The ex-dividend date of this dividend was Monday, November 4th. 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.