Tgs Asa (OTCMKTS:TGSNF) Sees Large Growth in Short Interest
by Teresa Graham · The Cerbat GemTgs Asa (OTCMKTS:TGSNF – Get Free Report) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,007,856 shares, an increase of 193.3% from the June 15th total of 343,595 shares. Based on an average daily volume of 725 shares, the days-to-cover ratio is presently 1,390.1 days.
Tgs Asa Stock Performance
TGSNF remained flat at $13.90 on Monday. 80 shares of the company traded hands, compared to its average volume of 932. The stock’s 50-day simple moving average is $15.27 and its two-hundred day simple moving average is $12.94. Tgs Asa has a 12-month low of $7.00 and a 12-month high of $17.70.
Tgs Asa Company Profile
TGS ASA is a global provider of geoscience data and intelligence, serving the oil and gas industry with a focus on multi-client subsurface information. Headquartered in Oslo, Norway, the company specializes in the acquisition, processing and interpretation of marine and onshore seismic data. Since its founding in 1981, TGS has built one of the industry’s largest multi-client libraries, covering key hydrocarbon basins around the world.
The company’s core services include 2D and 3D seismic surveys, electromagnetic (EM) studies, gravity and magnetic data, well logs and related geological and geophysical products.