Dawson Geophysical Company (NASDAQ:DWSN) Short Interest Down 29.7% in February

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Dawson Geophysical

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DWSN. HRT Financial LP purchased a new stake in shares of Dawson Geophysical in the fourth quarter worth approximately $26,000. Virtu Financial LLC purchased a new stake in shares of Dawson Geophysical during the 4th quarter worth approximately $29,000. Bridgeway Capital Management LLC increased its stake in shares of 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 worth $34,000 after purchasing an additional 9,900 shares during the last quarter. Teton Advisors LLC bought a new stake in shares of Dawson Geophysical in the 3rd quarter worth approximately $35,000. Finally, Jane Street Group LLC purchased a new position in Dawson Geophysical in the second quarter valued at approximately $52,000. 7.86% of the stock is owned by institutional investors.

Dawson Geophysical Stock Up 3.0%

NASDAQ DWSN traded up $0.13 during mid-day trading on Friday, hitting $4.42. The company’s stock had a trading volume of 164,051 shares, compared to its average volume of 136,461. The firm has a market capitalization of $137.24 million, a price-to-earnings ratio of -36.83 and a beta of -0.17. The company’s 50 day simple moving average is $2.64 and its 200 day simple moving average is $2.11. 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 twelve month low of $1.08 and a twelve month high of $5.54.

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.