Dno Asa (OTCMKTS:DTNOF) Short Interest Down 88.9% in March

Dno Asa (OTCMKTS:DTNOF) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 21,100 shares, a decrease of 88.9% from the March 15th total of 190,700 shares. Based on an average daily trading volume, of 2,100 shares, the short-interest ratio is presently 10.0 days.

Dno Asa Trading Down 3.6 %

Shares of Dno Asa stock traded down $0.04 during trading on Tuesday, reaching $1.08. The company’s stock had a trading volume of 22,323 shares, compared to its average volume of 5,185. Dno Asa has a one year low of $0.85 and a one year high of $1.35. The business’s fifty day moving average price is $1.14 and its 200-day moving average price is $1.06.

Dno Asa Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were issued a dividend of $0.3125 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a dividend yield of 7.8%.

Analyst Upgrades and Downgrades

Separately, DNB Markets downgraded shares of Dno Asa to a “hold” rating in a report on Tuesday, April 1st.

Dno Asa Company Profile

DNO ASA engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa. The company holds 75% operating interests in the Tawke and Peshkabir fields, and 64% operating interests in the e Baeshiqa license located in the Kurdistan region of Iraq; has production licenses across 10 fields Norway and two fields in the United Kingdom; and operating interests in the producing Block CI-27, as well as operates the exploration Block CI-12 in West Africa.