Short Interest in Dawson Geophysical Company (NASDAQ:DWSN) Grows By 326.5%

Dawson Geophysical Company (NASDAQ:DWSN) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 305,633 shares, a growth of 326.5% from the June 30th total of 71,662 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 458,444 shares, the days-to-cover ratio is currently 0.7 days.

Dawson Geophysical Price Performance

Dawson Geophysical stock opened at $4.98 on Friday. The business has a 50 day simple moving average of $4.80 and a 200 day simple moving average of $3.55. Dawson Geophysical has a one year low of $1.26 and a one year high of $7.85. The company has a market capitalization of $154.63 million, a PE ratio of 33.20 and a beta of -0.17. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.01 and a quick ratio of 1.01.

Dawson Geophysical (NASDAQ:DWSN) last released its quarterly earnings data on Thursday, May 14th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.54. The firm had revenue of $36.70 million during the quarter, compared to analyst estimates of $27.20 million. Dawson Geophysical had a return on equity of 26.74% and a net margin of 4.91%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wall Street Zen raised Dawson Geophysical from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Dawson Geophysical in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Dawson Geophysical presently has a consensus rating of “Hold”.

Institutional Trading of Dawson Geophysical

Several large investors have recently added to or reduced their stakes in DWSN. Citadel Advisors LLC raised its stake in shares of Dawson Geophysical by 67.9% in the third quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock valued at $107,000 after acquiring an additional 24,504 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in 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 purchasing an additional 8,360 shares in the last quarter. Jane Street Group LLC bought a new position in Dawson Geophysical in the 2nd quarter valued at $52,000. Hillsdale Investment Management Inc. acquired a new position in Dawson Geophysical during the 1st quarter worth about $119,000. Finally, Two Sigma Investments LP acquired a new position in Dawson Geophysical during the 3rd quarter valued at about $52,000. 7.86% of the stock is owned by institutional investors.

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.