Dawson Geophysical Company (NASDAQ:DWSN) Short Interest Update

Dawson Geophysical Company (NASDAQ:DWSN) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 9,696 shares, a drop of 27.8% from the November 30th total of 13,434 shares. Based on an average trading volume of 37,356 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 37,356 shares, the short-interest ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Dawson Geophysical in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Institutional Trading of Dawson Geophysical

Hedge funds have recently bought and sold shares of the stock. Teton Advisors LLC bought a new position in shares of Dawson Geophysical during the 3rd quarter worth about $35,000. Two Sigma Investments LP bought a new position in Dawson Geophysical during the third quarter valued at about $52,000. Jane Street Group LLC acquired a new position in Dawson Geophysical in the 2nd quarter valued at approximately $52,000. Pinnacle Associates Ltd. lifted its position in shares of Dawson Geophysical by 19.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock worth $92,000 after acquiring an additional 8,360 shares during the period. Finally, Citadel Advisors LLC lifted its position in shares of Dawson Geophysical by 67.9% in the 3rd quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock worth $107,000 after acquiring an additional 24,504 shares during the period. 7.86% of the stock is owned by institutional investors.

Dawson Geophysical Price Performance

NASDAQ DWSN opened at $1.70 on Monday. The stock has a 50-day simple moving average of $1.92 and a 200 day simple moving average of $1.72. Dawson Geophysical has a twelve month low of $1.08 and a twelve month high of $5.54. The stock has a market capitalization of $52.79 million, a PE ratio of -14.17 and a beta of -0.10. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.80.

Dawson Geophysical (NASDAQ:DWSN) last issued its quarterly earnings results on Wednesday, November 12th. The oil and gas company reported ($0.04) EPS for the quarter. Dawson Geophysical had a negative return on equity of 19.72% and a negative net margin of 5.15%.The business had revenue of $22.75 million during the quarter.

Dawson Geophysical Company Profile

Dawson Geophysical Company provides land-based seismic data acquisition services to the oil and gas industry. Through its subsidiaries, the company specializes in the design, deployment and operation of seismic crews that collect high-fidelity subsurface data. Its services support exploration and development programs by delivering two-dimensional (2D), three-dimensional (3D) and time-lapse (4D) seismic surveys that enable clients to make informed drilling and reservoir management decisions.

The company’s fleet includes vibratory and impulsive seismic sources, high-capacity source trucks, geophone sensor arrays and digital recording systems.