Dawson Geophysical Company (NASDAQ:DWSN) Short Interest Update

Dawson Geophysical Company (NASDAQ:DWSN) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 44,800 shares, a drop of 35.7% from the September 30th total of 69,700 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 70,900 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 70,900 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dawson Geophysical in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Dawson Geophysical Price Performance

NASDAQ:DWSN traded up $0.10 during mid-day trading on Monday, reaching $2.07. The stock had a trading volume of 50,697 shares, compared to its average volume of 370,932. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $64.11 million, a P/E ratio of -7.94 and a beta of -0.03. The firm has a 50 day moving average price of $1.79 and a two-hundred day moving average price of $1.54. Dawson Geophysical has a one year low of $1.08 and a one year high of $5.54.

Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings data on Tuesday, August 12th. The oil and gas company reported ($0.08) earnings per share (EPS) for the quarter. Dawson Geophysical had a negative return on equity of 44.29% and a negative net margin of 13.89%.The firm had revenue of $9.85 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Pinnacle Associates Ltd. increased its stake in Dawson Geophysical by 55.5% in the 1st quarter. Pinnacle Associates Ltd. now owns 50,422 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 18,000 shares during the last quarter. Jane Street Group LLC acquired a new position in Dawson Geophysical during the 2nd quarter valued at about $52,000. Finally, Grace & White Inc. NY increased its holdings in shares of Dawson Geophysical by 5.0% in the third quarter. Grace & White Inc. NY now owns 909,879 shares of the oil and gas company’s stock valued at $1,601,000 after purchasing an additional 43,457 shares during the period. 7.86% of the stock is owned by hedge funds and other institutional investors.

About Dawson Geophysical

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.