Short Interest in Dawson Geophysical Company (NASDAQ:DWSN) Drops By 43.0%

Dawson Geophysical Company (NASDAQ:DWSN) saw a significant decrease in short interest in December. As of December 31st, there was short interest totaling 5,524 shares, a decrease of 43.0% from the December 15th total of 9,696 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 47,162 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 47,162 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of Dawson Geophysical

Large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new position in shares of Dawson Geophysical during the 2nd quarter worth $52,000. Grace & White Inc. NY increased its position in Dawson Geophysical by 5.0% during 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. Teton Advisors LLC purchased a new position in Dawson Geophysical during the third quarter worth about $35,000. Pinnacle Associates Ltd. boosted its holdings in 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 valued at $92,000 after purchasing an additional 8,360 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of Dawson Geophysical in the 3rd quarter valued at approximately $52,000. 7.86% of the stock is currently owned by hedge funds and other institutional investors.

Dawson Geophysical Price Performance

Shares of DWSN traded up $0.01 during trading hours on Thursday, hitting $1.91. 15,764 shares of the stock were exchanged, compared to its average volume of 70,859. The stock’s 50-day moving average price is $1.83 and its two-hundred day moving average price is $1.70. 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 quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $59.31 million, a price-to-earnings ratio of -15.92 and a beta of -0.09.

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

Analysts Set New Price Targets

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, According to data from MarketBeat.com, the stock has a consensus 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.