Dawson Geophysical Company (NASDAQ:DWSN) Sees Significant Growth in Short Interest

Dawson Geophysical Company (NASDAQ:DWSN) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 76,422 shares, an increase of 111.6% from the February 26th total of 36,109 shares. Based on an average trading volume of 182,185 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

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

Dawson Geophysical Stock Up 10.9%

DWSN traded up $0.30 during trading on Thursday, hitting $3.08. The company had a trading volume of 161,342 shares, compared to its average volume of 135,253. The company has a market cap of $95.73 million, a PE ratio of -25.59 and a beta of -0.17. 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 1-year low of $1.08 and a 1-year high of $5.54. The business has a 50-day moving average of $2.90 and a 200-day moving average of $2.21.

Institutional Trading of Dawson Geophysical

Several hedge funds and other institutional investors have recently bought and sold shares of the company. 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 worth $92,000 after purchasing an additional 8,360 shares during the period. Bridgeway Capital Management LLC boosted its position in Dawson Geophysical by 83.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 9,900 shares during the period. HRT Financial LP bought a new position in Dawson Geophysical during the 4th quarter worth $26,000. Virtu Financial LLC bought a new position in Dawson Geophysical during the 4th quarter worth $29,000. Finally, Teton Advisors LLC acquired a new stake in Dawson Geophysical in the third quarter worth $35,000. 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.