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

Dawson Geophysical (NASDAQ:DWSN) saw a large drop in short interest in the month of 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 trading volume of 45,200 shares, the short-interest ratio is currently 2.6 days.

Dawson Geophysical Price Performance

Shares of DWSN stock traded down $0.01 during midday trading on Tuesday, reaching $1.32. 5,336 shares of the company traded hands, compared to its average volume of 62,398. The firm’s 50 day simple moving average is $1.40 and its two-hundred day simple moving average is $1.50. Dawson Geophysical has a 1-year low of $1.14 and a 1-year high of $2.22. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market cap of $40.90 million, a PE ratio of -7.33 and a beta of 0.66.

Institutional Investors Weigh In On Dawson Geophysical

A hedge fund recently bought a new stake in Dawson Geophysical stock. Mink Brook Asset Management LLC purchased a new stake in shares of Dawson Geophysical (NASDAQ:DWSN) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 540,417 shares of the oil and gas company’s stock, valued at approximately $724,000. Dawson Geophysical accounts for about 0.7% of Mink Brook Asset Management LLC’s portfolio, making the stock its 20th largest position. Mink Brook Asset Management LLC owned about 1.74% of Dawson Geophysical at the end of the most recent reporting period. 7.86% of the stock is currently owned by hedge funds and other institutional investors.

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.