Tgs Asa (OTCMKTS:TGSGY) Short Interest Down 44.0% in March

Tgs Asa (OTCMKTS:TGSGY) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 2,800 shares, a decrease of 44.0% from the March 15th total of 5,000 shares. Based on an average trading volume of 7,200 shares, the days-to-cover ratio is currently 0.4 days.

Tgs Asa Price Performance

Shares of TGSGY traded down $0.12 during mid-day trading on Thursday, hitting $7.20. 2,248 shares of the company’s stock were exchanged, compared to its average volume of 9,520. Tgs Asa has a 52 week low of $6.54 and a 52 week high of $13.15. The company has a 50-day simple moving average of $9.16 and a 200 day simple moving average of $9.60.

Tgs Asa Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1559 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Tgs Asa’s previous dividend of $0.14. Tgs Asa’s payout ratio is 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.