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

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

Hedge Funds Weigh In On Dawson Geophysical

A number of hedge funds have recently bought and sold shares of the business. Pinnacle Associates Ltd. lifted its holdings in shares of Dawson Geophysical by 19.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock worth $92,000 after acquiring an additional 8,360 shares during the period. Teton Advisors LLC acquired a new position in shares of Dawson Geophysical during the 3rd quarter valued at $35,000. Citadel Advisors LLC boosted its holdings in Dawson Geophysical by 67.9% in the third quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock worth $107,000 after acquiring an additional 24,504 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of Dawson Geophysical during the third quarter valued at about $52,000. Finally, Jane Street Group LLC purchased a new position in Dawson Geophysical during the 2nd quarter worth $52,000. 7.86% of the stock is owned by institutional investors.

Dawson Geophysical Price Performance

Shares of NASDAQ:DWSN traded up $0.13 during mid-day trading on Friday, reaching $2.05. The stock had a trading volume of 44,008 shares, compared to its average volume of 52,774. The firm has a 50 day simple moving average of $1.83 and a two-hundred day simple moving average of $1.71. Dawson Geophysical has a twelve month low of $1.08 and a twelve 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.

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

Wall Street Analysts Forecast Growth

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

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.