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

Dawson Geophysical Company (NASDAQ:DWSN) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 36,109 shares, a decrease of 29.7% from the February 12th total of 51,364 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 97,517 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 97,517 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Dawson Geophysical Stock Performance

DWSN stock traded up $0.08 on Monday, hitting $4.50. The company had a trading volume of 133,682 shares, compared to its average volume of 99,058. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Dawson Geophysical has a 12-month low of $1.08 and a 12-month high of $5.54. The stock has a market cap of $139.57 million, a price-to-earnings ratio of -37.45 and a beta of -0.18. The stock’s 50-day simple moving average is $2.64 and its 200 day simple moving average is $2.11.

Institutional Trading of Dawson Geophysical

A number of hedge funds have recently bought and sold shares of DWSN. Grace & White Inc. NY boosted its position in 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 worth $1,601,000 after purchasing an additional 43,457 shares during the last quarter. Citadel Advisors LLC increased 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 valued at $107,000 after purchasing an additional 24,504 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of Dawson Geophysical by 19.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock worth $92,000 after purchasing an additional 8,360 shares during the period. Jane Street Group LLC bought a new position in shares of Dawson Geophysical in the 2nd quarter worth approximately $52,000. Finally, Two Sigma Investments LP purchased a new position in shares of Dawson Geophysical in the third quarter worth approximately $52,000. Hedge funds and other institutional investors own 7.86% of the company’s stock.

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 equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus 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.