Dawson Geophysical Company (NASDAQ:DWSN) Short Interest Up 356.3% in January

Dawson Geophysical Company (NASDAQ:DWSN) was the recipient of a large growth in short interest in the month of 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. Based on an average trading volume of 71,434 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 71,434 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Dawson Geophysical

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC grew 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 in the last quarter. Two Sigma Investments LP bought a new position in shares of Dawson Geophysical during the 3rd quarter valued at approximately $52,000. Pinnacle Associates Ltd. raised its stake in shares of Dawson Geophysical by 19.0% in the third quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock valued at $92,000 after acquiring an additional 8,360 shares during the period. Teton Advisors LLC purchased a new stake in Dawson Geophysical in the 3rd quarter worth about $35,000. Finally, Grace & White Inc. NY raised its holdings in shares of Dawson Geophysical by 5.0% in the third quarter. Grace & White Inc. NY now owns 909,879 shares of the oil and gas company’s stock worth $1,601,000 after buying an additional 43,457 shares during the period. Institutional investors own 7.86% of the company’s stock.

Dawson Geophysical Stock Up 1.3%

DWSN traded up $0.03 during trading on Thursday, hitting $2.28. 11,132 shares of the company’s stock traded hands, compared to its average volume of 66,848. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Dawson Geophysical has a 12-month low of $1.08 and a 12-month high of $5.54. The stock has a market capitalization of $70.79 million, a price-to-earnings ratio of -19.00 and a beta of -0.09. The company’s 50 day simple moving average is $1.85 and its two-hundred day simple moving average is $1.76.

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

Wall Street Analyst Weigh In

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.com, the stock has an average 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.