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

Dno Asa (OTCMKTS:DTNOF) saw a significant decrease in short interest in 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 volume of 2,100 shares, the short-interest ratio is presently 10.0 days.

Analyst Ratings Changes

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

Dno Asa Stock Performance

Dno Asa stock remained flat at $1.08 during mid-day trading on Wednesday. Dno Asa has a 1-year low of $0.85 and a 1-year high of $1.35. The company has a fifty day moving average price of $1.14 and a 200 day moving average price of $1.06.

Dno Asa Announces Dividend

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

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.