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

Dawson Geophysical (NASDAQ:DWSN) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 12,000 shares, an increase of 344.4% from the August 31st total of 2,700 shares. Based on an average daily trading volume, of 11,600 shares, the days-to-cover ratio is presently 1.0 days.

Dawson Geophysical Stock Down 2.5 %

Shares of DWSN stock opened at $1.55 on Friday. Dawson Geophysical has a 12 month low of $1.27 and a 12 month high of $2.55. The stock has a market cap of $47.91 million, a P/E ratio of -5.96 and a beta of 0.69. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. The company has a 50 day simple moving average of $1.67 and a two-hundred day simple moving average of $1.73.

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

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.