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

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

Tgs Asa Trading Up 5.2 %

Shares of TGSGY stock traded up $0.51 on Friday, hitting $10.26. The company’s stock had a trading volume of 23,628 shares, compared to its average volume of 27,838. Tgs Asa has a fifty-two week low of $8.75 and a fifty-two week high of $13.71. The stock’s 50 day moving average is $9.53 and its 200-day moving average is $10.51.

Tgs Asa Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 4th were given a $0.1396 dividend. This is an increase from Tgs Asa’s previous dividend of $0.09. The ex-dividend date of this dividend was 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.