Dno Asa (OTCMKTS:DTNOF) Short Interest Down 17.6% in January

Dno Asa (OTCMKTS:DTNOF) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 2,197,995 shares, a decrease of 17.6% from the December 31st total of 2,666,966 shares. Based on an average daily trading volume, of 640 shares, the days-to-cover ratio is presently 3,434.4 days. Based on an average daily trading volume, of 640 shares, the days-to-cover ratio is presently 3,434.4 days.

Dno Asa Stock Up 1.8%

Dno Asa stock traded up $0.03 during mid-day trading on Monday, hitting $1.68. 180 shares of the company’s stock traded hands, compared to its average volume of 1,260. Dno Asa has a one year low of $1.07 and a one year high of $1.68. The firm has a 50 day moving average price of $1.53 and a 200 day moving average price of $1.45.

About Dno Asa

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.