Dawson Geophysical (NASDAQ:DWSN) Short Interest Down 35.0% in February

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

Dawson Geophysical Price Performance

Shares of DWSN traded down $0.01 during mid-day trading on Tuesday, reaching $1.32. 5,336 shares of the company’s stock were exchanged, compared to its average volume of 62,398. 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 company has a 50-day simple moving average of $1.40 and a two-hundred day simple moving average of $1.50. Dawson Geophysical has a 52-week low of $1.14 and a 52-week high of $2.22. The company has a market cap of $40.90 million, a price-to-earnings ratio of -7.33 and a beta of 0.66.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Dawson Geophysical stock. Grace & White Inc. NY lifted its holdings in shares of Dawson Geophysical (NASDAQ:DWSN) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 988,550 shares of the oil and gas company’s stock after purchasing 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. 7.86% of the stock is currently owned by institutional investors.

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.