Dno Asa (OTCMKTS:DTNOF) Sees Significant Drop in Short Interest

Dno Asa (OTCMKTS:DTNOF) was the recipient of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 2,123 shares, a decline of 99.1% from the October 15th total of 237,224 shares. Based on an average daily trading volume, of 2,455 shares, the short-interest ratio is currently 0.9 days.

Dno Asa Stock Performance

Shares of OTCMKTS:DTNOF remained flat at $2.07 during trading on Tuesday. 4,790 shares of the company were exchanged, compared to its average volume of 7,763. Dno Asa has a 1 year low of $1.40 and a 1 year high of $2.50. The company’s 50 day moving average price is $2.12 and its 200 day moving average price is $1.93.

Dno Asa Company Profile

DNO ASA is a Norwegian oil and gas company engaged in the exploration, development and production of hydrocarbons. The company has an international portfolio focused primarily on the Kurdistan region of Iraq and the Norwegian Continental Shelf. In Kurdistan, DNO operates interests in the Tawke and Peshkabir fields, which are among its principal producing assets. The company is also involved in exploration, development and production activities through a portfolio of licenses and partnerships in the North Sea.