Dawson Geophysical Company (NASDAQ:DWSN) Sees Significant Growth in Short Interest

Dawson Geophysical Company (NASDAQ:DWSN) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 25,207 shares, a growth of 356.3% from the December 31st total of 5,524 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 71,434 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 71,434 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Dawson Geophysical

Institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC grew its stake 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 valued at $107,000 after purchasing an additional 24,504 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Dawson Geophysical in the 3rd quarter valued at $52,000. Pinnacle Associates Ltd. raised its position in shares of Dawson Geophysical by 19.0% during the third 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 last quarter. Jane Street Group LLC bought a new position in Dawson Geophysical in the second quarter valued at about $52,000. Finally, Teton Advisors LLC bought a new position in shares of Dawson Geophysical in the 3rd quarter valued at about $35,000. 7.86% of the stock is owned by institutional investors.

Dawson Geophysical Stock Up 5.0%

DWSN opened at $2.32 on Wednesday. The firm has a market cap of $72.04 million, a price-to-earnings ratio of -19.33 and a beta of -0.09. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.80. The firm’s 50-day simple moving average is $1.85 and its 200-day simple moving average is $1.75. Dawson Geophysical has a twelve month low of $1.08 and a twelve month high of $5.54.

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

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.