Short Interest in Tgs Asa (OTCMKTS:TGSGY) Rises By 214.9%

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

Tgs Asa Price Performance

Shares of OTCMKTS TGSGY opened at $10.87 on Tuesday. The business has a 50 day simple moving average of $9.81 and a 200 day simple moving average of $10.43. Tgs Asa has a 52 week low of $8.75 and a 52 week high of $13.15.

Tgs Asa Increases Dividend

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