Short Interest in Dawson Geophysical Company (NASDAQ:DWSN) Increases By 141.1%

Dawson Geophysical Company (NASDAQ:DWSN) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 51,364 shares, an increase of 141.1% from the January 29th total of 21,302 shares. Based on an average daily volume of 67,464 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 67,464 shares, the days-to-cover ratio is currently 0.8 days.

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 equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Dawson Geophysical Price Performance

Shares of DWSN opened at $3.42 on Friday. Dawson Geophysical has a 12 month low of $1.08 and a 12 month high of $5.54. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a fifty day moving average price of $2.19 and a 200 day moving average price of $1.94. The company has a market cap of $106.19 million, a P/E ratio of -28.50 and a beta of -0.05.

Hedge Funds Weigh In On Dawson Geophysical

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DWSN. HRT Financial LP acquired a new stake in Dawson Geophysical in the 4th quarter valued at approximately $26,000. Virtu Financial LLC bought a new position in shares of Dawson Geophysical in the fourth quarter worth $29,000. Bridgeway Capital Management LLC grew its stake in shares of Dawson Geophysical by 83.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 9,900 shares in the last quarter. Teton Advisors LLC acquired a new position in shares of Dawson Geophysical during the third quarter valued at $35,000. Finally, Jane Street Group LLC bought a new stake in shares of Dawson Geophysical during the second 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.