Short Interest in Dawson Geophysical Company (NASDAQ:DWSN) Drops By 27.8%

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

Institutional Investors Weigh In On Dawson Geophysical

Several hedge funds have recently added to or reduced their stakes in the business. Teton Advisors LLC acquired a new position in Dawson Geophysical in the third quarter valued at approximately $35,000. Two Sigma Investments LP acquired a new stake in Dawson Geophysical in the third quarter worth $52,000. Jane Street Group LLC bought a new stake in Dawson Geophysical in the second quarter valued at $52,000. Pinnacle Associates Ltd. raised its holdings in shares of Dawson Geophysical by 19.0% during the third quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock valued at $92,000 after purchasing an additional 8,360 shares during the period. Finally, Citadel Advisors LLC boosted its position in shares of Dawson Geophysical by 67.9% during the 3rd quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock worth $107,000 after purchasing an additional 24,504 shares in the last quarter. 7.86% of the stock is currently owned by institutional investors and hedge funds.

Dawson Geophysical Stock Performance

DWSN traded up $0.04 during trading hours on Tuesday, reaching $1.65. The company’s stock had a trading volume of 10,009 shares, compared to its average volume of 318,282. Dawson Geophysical has a 52 week low of $1.08 and a 52 week high of $5.54. The firm has a market cap of $51.08 million, a PE ratio of -13.71 and a beta of -0.10. The company’s 50-day moving average is $1.91 and its 200-day moving average is $1.72. 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 released its earnings results on Wednesday, November 12th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $22.75 million for the quarter. Dawson Geophysical had a negative return on equity of 19.72% and a negative net margin of 5.15%.

Wall Street Analysts Forecast Growth

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

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.