Short Interest in Dawson Geophysical Company (NASDAQ:DWSN) Expands By 326.5%

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

Wall Street Analysts Forecast Growth

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

Dawson Geophysical Stock Down 3.4%

DWSN opened at $4.81 on Tuesday. The company’s 50-day moving average price is $4.81 and its two-hundred day moving average price is $3.58. Dawson Geophysical has a twelve month low of $1.26 and a twelve month high of $7.85. The stock has a market cap of $149.35 million, a price-to-earnings ratio of 32.07 and a beta of -0.17. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.50.

Dawson Geophysical (NASDAQ:DWSN) last issued its earnings results on Thursday, May 14th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.54. Dawson Geophysical had a net margin of 4.91% and a return on equity of 26.74%. The business had revenue of $36.70 million for the quarter, compared to analysts’ expectations of $27.20 million.

Institutional Investors Weigh In On Dawson Geophysical

Several large investors have recently added to or reduced their stakes in DWSN. Sanders Morris Harris LLC purchased a new position in Dawson Geophysical during the second quarter worth about $119,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Dawson Geophysical during the 1st quarter valued at about $40,000. Cetera Investment Advisers bought a new stake in shares of Dawson Geophysical during the 1st quarter valued at about $41,000. Hillsdale Investment Management Inc. bought a new stake in shares of Dawson Geophysical during the 1st quarter valued at about $119,000. Finally, Virtu Financial LLC purchased a new position in shares of Dawson Geophysical during the fourth quarter worth about $29,000. Institutional investors own 7.86% of the company’s stock.

Dawson Geophysical Company Profile

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.