Short Interest in Dawson Geophysical Company (NASDAQ:DWSN) Drops By 38.7%

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Dawson Geophysical from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Dawson Geophysical in a report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Dawson Geophysical has a consensus rating of “Hold”.

Dawson Geophysical Stock Performance

NASDAQ:DWSN opened at $4.63 on Monday. The company has a fifty day moving average of $3.56 and a 200-day moving average of $2.84. The firm has a market capitalization of $143.78 million, a P/E ratio of 30.87 and a beta of -0.08. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.50. Dawson Geophysical has a twelve month low of $1.26 and a twelve month high of $5.54.

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

Institutional Trading of Dawson Geophysical

Several hedge funds have recently bought and sold shares of DWSN. Jane Street Group LLC acquired a new stake in Dawson Geophysical in the 2nd quarter valued at $52,000. Teton Advisors LLC acquired a new stake in Dawson Geophysical in the 3rd quarter valued at $35,000. Pinnacle Associates Ltd. grew its position 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 period. Two Sigma Investments LP acquired a new stake in Dawson Geophysical in the 3rd quarter valued at $52,000. Finally, Citadel Advisors LLC grew its position in Dawson Geophysical by 67.9% in the 3rd quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock valued at $107,000 after purchasing an additional 24,504 shares during the period. Institutional investors and hedge funds own 7.86% of the company’s stock.

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.