Dawson Geophysical (NASDAQ:DWSN) Short Interest Down 15.5% in October

Dawson Geophysical (NASDAQ:DWSN) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 9,800 shares, a decline of 15.5% from the October 15th total of 11,600 shares. Based on an average daily trading volume, of 10,100 shares, the short-interest ratio is presently 1.0 days.

Dawson Geophysical Stock Performance

DWSN stock traded down $0.08 during midday trading on Friday, hitting $1.48. The company’s stock had a trading volume of 1,439 shares, compared to its average volume of 14,413. The stock has a market cap of $45.82 million, a price-to-earnings ratio of -8.22 and a beta of 0.68. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.06. The stock’s 50-day moving average price is $1.62 and its 200 day moving average price is $1.74. Dawson Geophysical has a 1 year low of $1.27 and a 1 year high of $2.22.

Dawson Geophysical Company Profile

Dawson Geophysical Company provides onshore seismic data acquisition and processing services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries and carbon capture sequestration projects.