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

Dno Asa (OTCMKTS:DTNOF) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 289,360 shares, a decline of 70.2% from the March 15th total of 971,128 shares. Based on an average daily volume of 7,063 shares, the short-interest ratio is currently 41.0 days.

Dno Asa Price Performance

OTCMKTS:DTNOF opened at $2.08 on Monday. The stock has a 50-day simple moving average of $1.84 and a two-hundred day simple moving average of $1.60. Dno Asa has a 52-week low of $1.08 and a 52-week high of $2.30.

Dno Asa Company Profile

DNO ASA is an independent upstream oil and gas company headquartered in Oslo, Norway. Established in 1971, the company focuses on the exploration, development and production of hydrocarbon resources in key international markets. DNO’s strategy centers on high-margin, long-life oil fields and value accretion from early-stage exploration successes.

The company’s core assets are concentrated in the Middle East, notably in the Kurdistan Region of Iraq, where it operates the Tawke and Peshkabir fields under long-term production sharing contracts.