Dawson Geophysical (NASDAQ:DWSN) Short Interest Up 52.6% in October

Dawson Geophysical (NASDAQ:DWSN) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 11,600 shares, an increase of 52.6% from the September 30th total of 7,600 shares. Based on an average daily volume of 11,900 shares, the days-to-cover ratio is currently 1.0 days.

Dawson Geophysical Stock Performance

NASDAQ:DWSN traded up $0.11 during midday trading on Friday, reaching $1.79. 3,939 shares of the company traded hands, compared to its average volume of 14,684. The firm has a market capitalization of $55.33 million, a price-to-earnings ratio of -8.95 and a beta of 0.69. The company has a fifty day moving average price of $1.58 and a 200 day moving average price of $1.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.65 and a quick ratio of 1.65. Dawson Geophysical has a twelve month low of $1.27 and a twelve month high of $2.22.

Dawson Geophysical (NASDAQ:DWSN) last issued its quarterly earnings data on Monday, August 12th. The oil and gas company reported ($0.12) earnings per share (EPS) for the quarter. Dawson Geophysical had a negative return on equity of 17.27% and a negative net margin of 5.48%. The business had revenue of $12.51 million for the quarter.

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.