Short Interest in Dawson Geophysical (NASDAQ:DWSN) Declines By 36.7%

Dawson Geophysical (NASDAQ:DWSN) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totalling 7,600 shares, a drop of 36.7% from the September 15th total of 12,000 shares. Based on an average trading volume of 12,000 shares, the days-to-cover ratio is presently 0.6 days.

Dawson Geophysical Trading Down 3.0 %

Shares of NASDAQ DWSN traded down $0.05 during mid-day trading on Friday, hitting $1.60. The company’s stock had a trading volume of 522 shares, compared to its average volume of 15,088. The stock has a market cap of $49.30 million, a price-to-earnings ratio of -6.15 and a beta of 0.69. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.65 and a quick ratio of 1.65. Dawson Geophysical has a one year low of $1.27 and a one year high of $2.42. The company’s fifty day simple moving average is $1.59 and its 200-day simple moving average is $1.74.

Dawson Geophysical (NASDAQ:DWSN) last released its quarterly earnings data on Monday, August 12th. The oil and gas company reported ($0.12) EPS for the quarter. Dawson Geophysical had a negative return on equity of 17.27% and a negative net margin of 5.48%. The company had revenue of $12.51 million for the quarter.

About Dawson Geophysical

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.