Dawson Geophysical Co (NASDAQ:DWSN) Short Interest Update

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Dawson Geophysical Co (NASDAQ:DWSN) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 271,200 shares, a decline of 18.2% from the July 31st total of 331,400 shares. Based on an average daily volume of 124,600 shares, the short-interest ratio is presently 2.2 days. Approximately 1.3% of the shares of the company are sold short.

Several brokerages recently weighed in on DWSN. Zacks Investment Research raised Dawson Geophysical from a “sell” rating to a “hold” rating in a report on Monday, June 17th. ValuEngine raised Dawson Geophysical from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

Several large investors have recently made changes to their positions in the company. Shepherd Kaplan Krochuk LLC grew its stake in Dawson Geophysical by 256.1% during the 2nd quarter. Shepherd Kaplan Krochuk LLC now owns 92,000 shares of the oil and gas company’s stock valued at $230,000 after purchasing an additional 66,167 shares during the last quarter. RBF Capital LLC boosted its position in Dawson Geophysical by 968.5% in the 2nd quarter. RBF Capital LLC now owns 451,564 shares of the oil and gas company’s stock worth $1,129,000 after purchasing an additional 409,303 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in shares of Dawson Geophysical by 238.1% during the 2nd quarter. Pinnacle Associates Ltd. now owns 34,080 shares of the oil and gas company’s stock worth $85,000 after purchasing an additional 24,000 shares during the period. Ironwood Investment Management LLC purchased a new position in shares of Dawson Geophysical during the 1st quarter valued at approximately $124,000. Finally, SG Americas Securities LLC acquired a new position in shares of Dawson Geophysical in the 1st quarter valued at $43,000. Institutional investors and hedge funds own 59.96% of the company’s stock.

Shares of NASDAQ:DWSN traded down $0.01 during trading on Thursday, hitting $2.02. 494 shares of the company’s stock were exchanged, compared to its average volume of 103,858. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.76 and a quick ratio of 2.76. Dawson Geophysical has a 52-week low of $1.90 and a 52-week high of $6.68. The business’s 50-day simple moving average is $2.17 and its 200 day simple moving average is $2.53. The company has a market cap of $47.14 million, a price-to-earnings ratio of -1.89 and a beta of 1.09.

Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings data on Thursday, August 1st. The oil and gas company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.08). The company had revenue of $24.08 million during the quarter, compared to the consensus estimate of $24.91 million. Dawson Geophysical had a negative net margin of 19.79% and a negative return on equity of 24.15%. On average, sell-side analysts anticipate that Dawson Geophysical will post -0.87 EPS for the current fiscal year.

Dawson Geophysical Company Profile

Dawson Geophysical Company provides onshore seismic data acquisition services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries.

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