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

Tgs Asa (OTCMKTS:TGSGY) was the recipient of a large decline in short interest during 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 trading volume, of 12,500 shares, the short-interest ratio is presently 0.0 days.

Tgs Asa Price Performance

OTCMKTS TGSGY traded up $0.29 during trading on Friday, hitting $9.61. The company’s stock had a trading volume of 1,867 shares, compared to its average volume of 14,792. Tgs Asa has a fifty-two week low of $8.75 and a fifty-two week high of $14.65. The business’s 50 day simple moving average is $10.22 and its 200-day simple moving average is $11.18.

Tgs Asa Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 4th will be issued a $0.1396 dividend. The ex-dividend date is Monday, November 4th. This is a positive change 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.