Short Interest in Tgs Asa (OTCMKTS:TGSGY) Drops By 31.9%

Tgs Asa (OTCMKTS:TGSGY) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 4,700 shares, a decline of 31.9% from the November 30th total of 6,900 shares. Based on an average trading volume of 31,700 shares, the short-interest ratio is currently 0.1 days.

Tgs Asa Stock Performance

Shares of TGSGY opened at $10.26 on Monday. Tgs Asa has a fifty-two week low of $8.75 and a fifty-two week high of $13.71. The firm’s 50-day simple moving average is $9.53 and its two-hundred day simple moving average is $10.50.

Tgs Asa Increases Dividend

The business also recently declared a dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 4th were paid a $0.1396 dividend. The ex-dividend date of this dividend was Monday, November 4th. This is an increase 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.