Dawson Geophysical Company (NASDAQ:DWSN) Short Interest Down 38.7% in May

Dawson Geophysical Company (NASDAQ:DWSN) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 69,302 shares, a decline of 38.7% from the May 14th total of 113,137 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 107,546 shares, the days-to-cover ratio is currently 0.6 days.

Dawson Geophysical Stock Performance

NASDAQ DWSN traded down $0.06 on Tuesday, hitting $4.42. 29,188 shares of the stock were exchanged, compared to its average volume of 130,869. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.01 and a quick ratio of 1.01. The business’s fifty day moving average is $3.59 and its 200 day moving average is $2.86. Dawson Geophysical has a 52 week low of $1.26 and a 52 week high of $4.95. The company has a market capitalization of $137.24 million, a PE ratio of 29.47 and a beta of -0.08.

Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings results on Thursday, May 14th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.54. Dawson Geophysical had a net margin of 4.91% and a return on equity of 26.74%. The firm had revenue of $36.70 million for the quarter, compared to analyst estimates of $27.20 million.

Analyst Ratings Changes

A number of analysts have recently commented on DWSN shares. Wall Street Zen raised shares of Dawson Geophysical from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dawson Geophysical in a research report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Dawson Geophysical

Several institutional investors and hedge funds have recently modified their holdings of DWSN. Pinnacle Associates Ltd. grew its stake in shares of Dawson Geophysical by 19.0% in the third quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock valued at $92,000 after acquiring an additional 8,360 shares in the last quarter. 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 valued at $34,000 after acquiring an additional 9,900 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of Dawson Geophysical in the first quarter valued at about $40,000. Cetera Investment Advisers acquired a new position in shares of Dawson Geophysical in the first quarter valued at about $41,000. Finally, HRT Financial LP acquired a new position in shares of Dawson Geophysical in the fourth quarter valued at about $26,000. 7.86% of the stock is currently owned by institutional investors and hedge funds.

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.