Short Interest in Dno Asa (OTCMKTS:DTNOF) Drops By 20.2%

Dno Asa (OTCMKTS:DTNOF) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 247,200 shares, a decline of 20.2% from the April 30th total of 309,600 shares. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is presently 44.1 days.

Wall Street Analyst Weigh In

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

Dno Asa Price Performance

DTNOF opened at $1.20 on Monday. The stock has a 50-day moving average price of $1.15 and a 200-day moving average price of $1.07. Dno Asa has a 1 year low of $0.85 and a 1 year high of $1.35.

Dno Asa Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd will be given a $0.3125 dividend. This represents a dividend yield of 10.56%. The ex-dividend date of this dividend is Thursday, May 22nd.

About Dno Asa

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.