Dawson Geophysical Company (NASDAQ:DWSN) Sees Large Drop in Short Interest

Dawson Geophysical Company (NASDAQ:DWSN) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 21,302 shares, a drop of 15.5% from the January 15th total of 25,207 shares. Based on an average daily volume of 63,412 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 63,412 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Dawson Geophysical in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Dawson Geophysical currently has a consensus rating of “Hold”.

Institutional Trading of Dawson Geophysical

A number of large investors have recently modified their holdings of DWSN. Jane Street Group LLC purchased a new stake in Dawson Geophysical in the second quarter valued at approximately $52,000. Grace & White Inc. NY increased its holdings in shares of Dawson Geophysical by 5.0% in the 3rd quarter. Grace & White Inc. NY now owns 909,879 shares of the oil and gas company’s stock worth $1,601,000 after buying an additional 43,457 shares during the last quarter. Teton Advisors LLC purchased a new stake in shares of Dawson Geophysical during the 3rd quarter valued at $35,000. Pinnacle Associates Ltd. raised its position in shares of Dawson Geophysical by 19.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock valued at $92,000 after buying an additional 8,360 shares in the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of Dawson Geophysical during the 3rd quarter worth $52,000. Institutional investors own 7.86% of the company’s stock.

Dawson Geophysical Stock Up 0.8%

Shares of NASDAQ:DWSN opened at $2.54 on Wednesday. The firm has a fifty day moving average price of $1.97 and a two-hundred day moving average price of $1.84. The company has a market cap of $78.87 million, a price-to-earnings ratio of -21.17 and a beta of -0.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.80 and a quick ratio of 0.80. Dawson Geophysical has a one year low of $1.08 and a one year high of $5.54.

About Dawson Geophysical

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.