Short Interest in Dawson Geophysical Company (NASDAQ:DWSN) Increases By 52.0%

Dawson Geophysical Company (NASDAQ:DWSN) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 116,183 shares, an increase of 52.0% from the March 15th total of 76,422 shares. Based on an average trading volume of 365,734 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are sold short.

Analyst Ratings Changes

Several brokerages have recently issued reports on DWSN. Weiss Ratings reissued a “hold (c-)” rating on shares of Dawson Geophysical in a report on Friday, March 27th. Wall Street Zen upgraded Dawson Geophysical from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Dawson Geophysical Stock Performance

DWSN stock opened at $2.76 on Thursday. The company has a market capitalization of $85.70 million, a P/E ratio of -39.43 and a beta of -0.12. The company has a 50-day simple moving average of $3.11 and a 200 day simple moving average of $2.33. Dawson Geophysical has a fifty-two week low of $1.08 and a fifty-two week high of $5.54. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.72.

Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings data on Monday, March 30th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.04). The company had revenue of $26.95 million during the quarter, compared to analyst estimates of $45.00 million. Dawson Geophysical had a negative return on equity of 11.82% and a negative net margin of 2.57%.

Institutional Investors Weigh In On Dawson Geophysical

A number of institutional investors have recently added to or reduced their stakes in DWSN. Grace & White Inc. NY lifted its position in 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 purchasing an additional 43,457 shares during the period. Jane Street Group LLC acquired a new stake in Dawson Geophysical in the second quarter worth approximately $52,000. Two Sigma Investments LP acquired a new stake in Dawson Geophysical in the third quarter worth approximately $52,000. Citadel Advisors LLC lifted its position 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 purchasing an additional 24,504 shares during the period. Finally, Teton Advisors LLC acquired a new stake in Dawson Geophysical in the third quarter worth approximately $35,000. 7.86% of the stock is currently owned by institutional investors and hedge funds.

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.