Dawson Geophysical (NASDAQ:DWSN – Get Rating) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 25,600 shares, a growth of 51.5% from the August 15th total of 16,900 shares. Based on an average daily volume of 7,800 shares, the days-to-cover ratio is currently 3.3 days.

Dawson Geophysical Trading Up 19.0 %

Shares of Dawson Geophysical stock opened at $2.00 on Friday. The business's 50 day simple moving average is $1.41 and its 200-day simple moving average is $1.73. The stock has a market capitalization of $47.62 million, a price-to-earnings ratio of -1.90 and a beta of 1.49. Dawson Geophysical has a twelve month low of $1.08 and a twelve month high of $2.70.

Institutional Trading of Dawson Geophysical

A number of institutional investors and hedge funds have recently made changes to their positions in DWSN. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Dawson Geophysical during the 4th quarter worth approximately $365,000. Diametric Capital LP acquired a new stake in Dawson Geophysical in the 4th quarter valued at approximately $295,000. Western Standard LLC acquired a new stake in Dawson Geophysical in the 4th quarter valued at approximately $1,008,000. Ancora Advisors LLC acquired a new stake in Dawson Geophysical in the 1st quarter valued at approximately $233,000. Finally, Grace & White Inc. NY increased its position in Dawson Geophysical by 9.9% in the 2nd 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 acquiring an additional 91,087 shares during the period. 10.03% of the stock is currently owned by institutional investors and hedge funds.

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.

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