Dawson Geophysical Company (NASDAQ:DWSN) Short Interest Down 33.5% in September

Key Points

• Dawson Geophysical Company's short interest decreased by 33.5% in September, dropping from 141,400 shares to 94,100 shares, indicating reduced bearish sentiment among investors.
• The company's stock is trading at $1.78, with a market cap of $55.27 million and a negative P/E ratio of -6.85, reflecting ongoing financial challenges.
• Weiss Ratings has reaffirmed a "sell (d)" rating on Dawson Geophysical, with one analyst recommending to sell the stock amidst overall negative market sentiment.

Dawson Geophysical Company (NASDAQ:DWSN - Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 94,100 shares, a decrease of 33.5% from the August 31st total of 141,400 shares. Based on an average daily trading volume, of 130,000 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 130,000 shares, the short-interest ratio is currently 0.7 days.

Dawson Geophysical Stock Performance

Dawson Geophysical stock opened at $1.78 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.07. The firm has a market cap of $55.27 million, a P/E ratio of -6.85 and a beta of -0.03. Dawson Geophysical has a 1-year low of $1.08 and a 1-year high of $5.54. The firm has a 50-day moving average of $1.57 and a 200-day moving average of $1.44.

Dawson Geophysical (NASDAQ:DWSN - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The oil and gas company reported ($0.08) earnings per share for the quarter. The business had revenue of $9.85 million during the quarter. Dawson Geophysical had a negative return on equity of 44.29% and a negative net margin of 13.89%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Dawson Geophysical in a research note on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of "Sell".

Institutional Trading of Dawson Geophysical

A hedge fund recently bought a new stake in Dawson Geophysical stock. Jane Street Group LLC acquired a new position in Dawson Geophysical Company (NASDAQ:DWSN - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 35,330 shares of the oil and gas company's stock, valued at approximately $52,000. Jane Street Group LLC owned approximately 0.11% of Dawson Geophysical at the end of the most recent quarter. Institutional investors and hedge funds own 7.86% of the company's stock.

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.

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