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

Dno Asa (OTCMKTS:DTNOF) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 11,383,500 shares, a drop of 8.2% from the March 31st total of 12,400,000 shares. Based on an average trading volume of 8,900 shares, the short-interest ratio is presently 1,279.0 days.

Dno Asa Price Performance

DTNOF stock remained flat at $0.99 during mid-day trading on Tuesday. The company’s fifty day simple moving average is $0.92 and its 200 day simple moving average is $0.94. Dno Asa has a 12 month low of $0.83 and a 12 month high of $1.09.

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.