Dawson Geophysical (NASDAQ:DWSN – Get Rating) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 44,300 shares, an increase of 73.0% from the August 31st total of 25,600 shares. Based on an average daily trading volume, of 11,700 shares, the short-interest ratio is currently 3.8 days.
Hedge Funds Weigh In On Dawson Geophysical
Several institutional investors and hedge funds have recently modified their holdings of DWSN. Western Standard LLC acquired a new position in shares of Dawson Geophysical in the fourth quarter valued at $1,008,000. Ancora Advisors LLC acquired a new position in shares of Dawson Geophysical in the first quarter valued at $233,000. Finally, Grace & White Inc. NY increased its holdings in shares of Dawson Geophysical by 9.9% in the second quarter. Grace & White Inc. NY now owns 1,010,586 shares of the oil and gas company's stock valued at $1,354,000 after purchasing an additional 91,087 shares during the last quarter. 10.03% of the stock is currently owned by institutional investors and hedge funds.Get Dawson Geophysical alerts:
Dawson Geophysical Trading Up 4.7 %
Shares of NASDAQ:DWSN traded up $0.08 on Thursday, hitting $1.78. The company had a trading volume of 4,866 shares, compared to its average volume of 20,713. Dawson Geophysical has a 1-year low of $1.08 and a 1-year high of $2.69. The stock has a market cap of $42.38 million, a price-to-earnings ratio of -1.70 and a beta of 1.49. The stock has a 50 day moving average price of $1.48 and a 200 day moving average price of $1.71.
Dawson Geophysical Company Profile(Get Rating)
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.
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