Dawson Geophysical Company (NASDAQ:DWSN) Short Interest Up 52.0% in March

Dawson Geophysical Company (NASDAQ:DWSN) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 116,183 shares, an increase of 52.0% from the March 15th total of 76,422 shares. Based on an average daily trading volume, of 365,734 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in shares of Dawson Geophysical during the fourth quarter worth approximately $29,000. Bridgeway Capital Management LLC raised its stake in shares of Dawson Geophysical by 83.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 21,710 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 9,900 shares in the last quarter. HRT Financial LP purchased a new position in shares of Dawson Geophysical during the fourth quarter worth approximately $26,000. Citadel Advisors LLC raised its stake in shares of Dawson Geophysical by 67.9% during the third quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock worth $107,000 after acquiring an additional 24,504 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of Dawson Geophysical during the third quarter worth approximately $52,000. 7.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Dawson Geophysical in a research note on Friday, March 27th. Wall Street Zen upgraded Dawson Geophysical from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Dawson Geophysical Price Performance

Shares of DWSN stock traded up $0.19 during trading hours on Wednesday, hitting $2.76. 68,715 shares of the company’s stock were exchanged, compared to its average volume of 149,613. The company has a market capitalization of $85.70 million, a PE ratio of -39.43 and a beta of -0.12. Dawson Geophysical has a 12-month low of $1.08 and a 12-month high of $5.54. The business’s 50 day simple moving average is $3.11 and its 200-day simple moving average is $2.33. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.72.

Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings results on Monday, March 30th. The oil and gas company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04). The business had revenue of $26.95 million for the quarter, compared to analysts’ expectations of $45.00 million. Dawson Geophysical had a negative return on equity of 11.82% and a negative net margin of 2.57%.

About Dawson Geophysical

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.