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

Dawson Geophysical (NASDAQ:DWSN) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 6,500 shares, a growth of 75.7% from the July 31st total of 3,700 shares. Based on an average daily trading volume, of 13,300 shares, the days-to-cover ratio is currently 0.5 days.

Dawson Geophysical Price Performance

DWSN remained flat at $1.53 on Wednesday. 8,216 shares of the company’s stock traded hands, compared to its average volume of 15,662. Dawson Geophysical has a twelve month low of $1.27 and a twelve month high of $2.65. The business has a 50-day simple moving average of $1.84 and a two-hundred day simple moving average of $1.72. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a market cap of $47.14 million, a price-to-earnings ratio of -5.88 and a beta of 0.73.

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.