Dawson Geophysical Company (NASDAQ:DWSN) Short Interest Update

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

Institutional Trading of Dawson Geophysical

Institutional investors and hedge funds have recently modified their holdings of the stock. HRT Financial LP purchased a new stake in Dawson Geophysical during the fourth quarter worth $26,000. Citadel Advisors LLC raised its position in shares of Dawson Geophysical by 67.9% in the 3rd quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock worth $107,000 after acquiring an additional 24,504 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Dawson Geophysical during the 3rd quarter worth $52,000. Pinnacle Associates Ltd. boosted its position in Dawson Geophysical by 19.0% during the third 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. Finally, Teton Advisors LLC purchased a new position in Dawson Geophysical in the third quarter valued at about $35,000. Institutional investors own 7.86% of the company’s stock.

Dawson Geophysical Trading Down 1.2%

Shares of DWSN traded down $0.03 during trading hours on Tuesday, reaching $2.49. 25,877 shares of the company traded hands, compared to its average volume of 66,394. The stock’s fifty day moving average price is $1.96 and its 200 day moving average price is $1.84. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The firm has a market cap of $77.31 million, a price-to-earnings ratio of -20.75 and a beta of -0.05. Dawson Geophysical has a 12-month low of $1.08 and a 12-month high of $5.54.

Analysts Set New Price Targets

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

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.