Dawson Geophysical Co (NASDAQ:DWSN) Short Interest Update

Dawson Geophysical Co (NASDAQ:DWSN) was the target of 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. Currently, 1.3% of the shares of the company are short sold. Based on an average trading volume of 124,600 shares, the days-to-cover ratio is currently 2.2 days.

DWSN traded down $0.06 during trading on Friday, hitting $2.02. The stock had a trading volume of 11,218 shares, compared to its average volume of 39,246. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.76 and a current ratio of 2.76. The firm has a market capitalization of $47.14 million, a P/E ratio of -1.89 and a beta of 1.09. The company’s 50-day moving average price is $2.16 and its 200 day moving average price is $2.52. Dawson Geophysical has a twelve month low of $1.90 and a twelve month high of $6.68.

Dawson Geophysical (NASDAQ:DWSN) last announced 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 firm had revenue of $24.08 million during the quarter, compared to analyst estimates of $24.91 million. Dawson Geophysical had a negative net margin of 19.79% and a negative return on equity of 24.15%. As a group, equities analysts expect that Dawson Geophysical will post -0.87 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Dawson Geophysical in the 1st quarter valued at $43,000. Pinnacle Associates Ltd. increased its stake in Dawson Geophysical by 238.1% in the 2nd quarter. Pinnacle Associates Ltd. now owns 34,080 shares of the oil and gas company’s stock valued at $85,000 after buying an additional 24,000 shares during the period. Ironwood Investment Management LLC acquired a new position in Dawson Geophysical in the 1st quarter valued at $124,000. Paloma Partners Management Co acquired a new position in Dawson Geophysical in the 2nd quarter valued at $209,000. Finally, Deutsche Bank AG increased its stake in Dawson Geophysical by 54.2% in the 4th quarter. Deutsche Bank AG now owns 66,284 shares of the oil and gas company’s stock valued at $223,000 after buying an additional 23,304 shares during the period. 59.96% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on DWSN shares. Zacks Investment Research raised shares of Dawson Geophysical from a “sell” rating to a “hold” rating in a report on Monday, June 17th. ValuEngine raised shares of Dawson Geophysical from a “sell” rating to a “hold” rating in a report on Thursday, August 1st.

About Dawson Geophysical

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.

Read More: Cash Flow Analysis in Stock Selection

Receive News & Ratings for Dawson Geophysical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dawson Geophysical and related companies with MarketBeat.com's FREE daily email newsletter.