Dawson Geophysical (NASDAQ:DWSN) Sees Significant Drop in Short Interest

Dawson Geophysical (NASDAQ:DWSN) was the target of a large drop in short interest in June. As of June 30th, there was short interest totalling 3,000 shares, a drop of 66.3% from the June 15th total of 8,900 shares. Based on an average daily volume of 22,100 shares, the days-to-cover ratio is currently 0.1 days.

Dawson Geophysical Price Performance

Shares of Dawson Geophysical stock traded down $0.07 during mid-day trading on Thursday, reaching $1.86. 34,824 shares of the stock were exchanged, compared to its average volume of 16,965. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.06. The company has a market cap of $57.38 million, a price-to-earnings ratio of -7.54 and a beta of 0.73. Dawson Geophysical has a fifty-two week low of $1.27 and a fifty-two week high of $2.65. The firm has a 50-day simple moving average of $1.85 and a 200 day simple moving average of $1.69.

Dawson Geophysical (NASDAQ:DWSN) last issued its earnings results on Monday, May 13th. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter. The company had revenue of $31.58 million for the quarter. Dawson Geophysical had a negative net margin of 5.95% and a negative return on equity of 19.46%.

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.