Will TGS NOPEC GEOPHYSICAL CO ASA ORDINARY SH (OTCMKTS:TGSNF) Run Out of Steam Soon? Short Interest Is Down

July 14, 2018 - By Nellie Frank

TGS-NOPEC Geophysical Company ASA (OTCMKTS:TGSNF) Logo

The stock of TGS NOPEC GEOPHYSICAL CO ASA ORDINARY SH (OTCMKTS:TGSNF) registered a decrease of 29.21% in short interest. TGSNF’s total short interest was 689,900 shares in July as published by FINRA. Its down 29.21% from 974,600 shares, reported previously. With 1,000 shares average volume, it will take short sellers 690 days to cover their TGSNF’s short positions.

It closed at $36.5 lastly. It is down 0.00% since July 14, 2017 and is . It has underperformed by 12.57% the S&P500.

TGS-NOPEC Geophysical Company ASA provides geoscientific data services and products to the gas and oil industry worldwide. The company has market cap of $3.68 billion. The firm offers geophysical multi-client data, including seismic data; and geophysical library, such as gravity, magnetic, seep, geothermal core, controlled source electromagnetic, and multi-beam data. It has a 57.39 P/E ratio. It also provides geologic services comprising digital well logs; and interpretation studies and services that integrate seismic, well log, bio-stratigraphic, core, and other geoscientific data to support hydrocarbon exploration.

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