Short Interest in Tgs Asa (OTCMKTS:TGSGY) Rises By 212.5%

Tgs Asa (OTCMKTS:TGSGY) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 5,000 shares, a growth of 212.5% from the February 28th total of 1,600 shares. Based on an average daily volume of 9,800 shares, the short-interest ratio is currently 0.5 days.

Tgs Asa Stock Performance

Shares of Tgs Asa stock traded down $0.20 on Thursday, hitting $9.90. The company had a trading volume of 4,560 shares, compared to its average volume of 10,419. Tgs Asa has a 1 year low of $8.70 and a 1 year high of $13.15. The stock has a 50 day moving average of $10.06 and a 200-day moving average of $9.82.

Tgs Asa Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1559 per share. This is an increase from Tgs Asa’s previous dividend of $0.14. The ex-dividend date of this dividend was Monday, March 3rd. Tgs Asa’s 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.