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

Dawson Geophysical Company (NASDAQ:DWSN) saw a significant increase in short interest in the month of 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 trading volume, of 67,464 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 67,464 shares, the days-to-cover ratio is currently 0.8 days.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Dawson Geophysical

Several institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of Dawson Geophysical during the fourth quarter worth approximately $29,000. Bridgeway Capital Management LLC increased its position in shares of Dawson Geophysical by 83.8% in 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. HRT Financial LP acquired a new stake in shares of Dawson Geophysical in the 4th quarter valued at about $26,000. Citadel Advisors LLC lifted its position in shares of Dawson Geophysical by 67.9% during the third quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock worth $107,000 after purchasing an additional 24,504 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in Dawson Geophysical in the third quarter valued at about $52,000. 7.86% of the stock is currently owned by hedge funds and other institutional investors.

Dawson Geophysical Stock Performance

NASDAQ:DWSN opened at $3.54 on Friday. The firm has a 50-day moving average of $2.15 and a two-hundred day moving average of $1.92. 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 market cap of $109.92 million, a P/E ratio of -29.50 and a beta of -0.05. Dawson Geophysical has a 1-year low of $1.08 and a 1-year 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.