Short Interest in Dno Asa (OTCMKTS:DTNOF) Decreases By 40.2%

Dno Asa (OTCMKTS:DTNOF) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 971,128 shares, a decline of 40.2% from the February 26th total of 1,623,890 shares. Based on an average daily volume of 6,884 shares, the days-to-cover ratio is currently 141.1 days.

Dno Asa Trading Up 8.5%

DTNOF traded up $0.18 during mid-day trading on Friday, hitting $2.23. The stock had a trading volume of 5,000 shares, compared to its average volume of 10,512. The stock’s fifty day simple moving average is $1.73 and its 200-day simple moving average is $1.56. Dno Asa has a 1-year low of $1.07 and a 1-year high of $2.23.

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.