Tgs Asa (OTCMKTS:TGSGY) Sees Significant Decline in Short Interest

Tgs Asa (OTCMKTS:TGSGY) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 100 shares, a drop of 50.0% from the October 15th total of 200 shares. Based on an average daily trading volume, of 28,300 shares, the short-interest ratio is presently 0.0 days.

Tgs Asa Stock Performance

OTCMKTS:TGSGY traded up $0.05 during mid-day trading on Thursday, reaching $9.27. The stock had a trading volume of 96,000 shares, compared to its average volume of 21,445. The firm has a 50 day moving average price of $9.46 and a two-hundred day moving average price of $10.91. Tgs Asa has a one year low of $8.75 and a one year high of $13.87.

Tgs Asa Increases Dividend

The firm 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. This is a positive change from Tgs Asa’s previous dividend of $0.09. The ex-dividend date is Monday, November 4th. Tgs Asa’s payout ratio is presently 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.