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

Dawson Geophysical Company (NASDAQ:DWSN) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 305,633 shares, a growth of 326.5% from the June 30th total of 71,662 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average trading volume of 458,444 shares, the days-to-cover ratio is presently 0.7 days.

Dawson Geophysical Trading Down 1.0%

Shares of DWSN traded down $0.05 during trading hours on Monday, hitting $4.93. The company had a trading volume of 78,271 shares, compared to its average volume of 155,253. Dawson Geophysical has a 52-week low of $1.26 and a 52-week high of $7.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average price is $4.80 and its 200 day moving average price is $3.56. The firm has a market cap of $153.14 million, a P/E ratio of 32.80 and a beta of -0.17.

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. The business had revenue of $36.70 million for the quarter, compared to analyst estimates of $27.20 million. Dawson Geophysical had a return on equity of 26.74% and a net margin of 4.91%.

Institutional Investors Weigh In On Dawson Geophysical

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp bought a new stake in Dawson Geophysical in the 1st quarter worth $40,000. Cetera Investment Advisers purchased a new position in shares of Dawson Geophysical during the first quarter valued at approximately $41,000. Virtu Financial LLC bought a new position in shares of Dawson Geophysical during the fourth quarter valued at approximately $29,000. Bridgeway Capital Management LLC lifted its stake in 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 worth $34,000 after acquiring an additional 9,900 shares during the period. Finally, Two Sigma Investments LP purchased a new position in Dawson Geophysical during the 3rd quarter valued at $52,000. 7.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DWSN shares. Wall Street Zen raised shares of Dawson Geophysical from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dawson Geophysical in a report on Wednesday, July 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

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.