Dawson Geophysical Company (NASDAQ:DWSN) Short Interest Update

by · The Markets Daily

Dawson Geophysical Company (NASDAQ:DWSN – Get Free Report) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 9,696 shares, a drop of 27.8% from the November 30th total of 13,434 shares. Based on an average trading volume of 37,356 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 37,356 shares, the short-interest ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

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

Read Our Latest Analysis on DWSN

Dawson Geophysical Stock Down 4.3%

Shares of Dawson Geophysical stock traded down $0.07 during trading hours on Wednesday, hitting $1.56. 118,785 shares of the company’s stock traded hands, compared to its average volume of 317,573. Dawson Geophysical has a twelve month low of $1.08 and a twelve month high of $5.54. The company has a market cap of $48.44 million, a PE ratio of -13.00 and a beta of -0.10. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.43. The stock has a 50 day simple moving average of $1.90 and a 200-day simple moving average of $1.72.

Dawson Geophysical (NASDAQ:DWSN – Get Free Report) last issued its quarterly earnings data on Wednesday, November 12th. The oil and gas company reported ($0.04) earnings per share for the quarter. Dawson Geophysical had a negative net margin of 5.15% and a negative return on equity of 19.72%. The business had revenue of $22.75 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. 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 valued at $1,601,000 after acquiring an additional 43,457 shares during the last quarter. Jane Street Group LLC acquired a new stake in Dawson Geophysical during the second quarter worth about $52,000. Two Sigma Investments LP acquired a new position in Dawson Geophysical in the third quarter valued at approximately $52,000. Citadel Advisors LLC raised 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 during the period. Finally, Teton Advisors LLC acquired a new position in Dawson Geophysical during the 3rd quarter valued at approximately $35,000. Institutional investors own 7.86% of the company’s stock.

Dawson Geophysical Company Profile

(Get Free Report)

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.

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