Dawson Geophysical (NASDAQ:DWSN) Sees Large Decline in Short Interest

Dawson Geophysical (NASDAQ:DWSN) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 115,300 shares, a decline of 35.0% from the January 31st total of 177,400 shares. Based on an average daily trading volume, of 45,200 shares, the short-interest ratio is presently 2.6 days.

Institutional Investors Weigh In On Dawson Geophysical

A hedge fund recently raised its stake in Dawson Geophysical stock. Grace & White Inc. NY increased its holdings in Dawson Geophysical (NASDAQ:DWSN) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 988,550 shares of the oil and gas company’s stock after buying an additional 9,256 shares during the period. Grace & White Inc. NY owned about 3.19% of Dawson Geophysical worth $1,325,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 7.86% of the company’s stock.

Dawson Geophysical Price Performance

Shares of Dawson Geophysical stock traded down $0.12 on Monday, hitting $1.33. The company’s stock had a trading volume of 3,245 shares, compared to its average volume of 63,863. Dawson Geophysical has a 52-week low of $1.14 and a 52-week high of $2.22. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average price of $1.40 and a 200-day moving average price of $1.50. The company has a market capitalization of $41.21 million, a P/E ratio of -7.39 and a beta of 0.66.

Dawson Geophysical Company Profile

Dawson Geophysical Company provides onshore seismic data acquisition and processing 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 and carbon capture sequestration projects.