Short Interest in Dawson Geophysical (NASDAQ:DWSN) Increases By 121.9%

Posted by Patrick Bannon on Jan 31st, 2025

Dawson Geophysical (NASDAQ:DWSN – Get Free Report) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 7,100 shares, an increase of 121.9% from the December 31st total of 3,200 shares. Based on an average trading volume of 11,900 shares, the days-to-cover ratio is currently 0.6 days.

Dawson Geophysical Stock Down 2.9 %

NASDAQ:DWSN opened at $1.36 on Friday. The company has a 50-day moving average price of $1.42 and a 200-day moving average price of $1.58. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. Dawson Geophysical has a 12 month low of $1.14 and a 12 month high of $2.22.

Dawson Geophysical (NASDAQ:DWSN – Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The oil and gas company reported ($0.18) earnings per share (EPS) for the quarter. The firm had revenue of $14.42 million during the quarter. Dawson Geophysical had a negative return on equity of 21.54% and a negative net margin of 6.55%.

Institutional Inflows and Outflows

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

Dawson Geophysical Company Profile

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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.