Dawson Geophysical (NASDAQ:DWSN) Sees Large Decline in Short Interest

Dawson Geophysical (NASDAQ:DWSN) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 6,100 shares, a drop of 7.6% from the November 15th total of 6,600 shares. Based on an average trading volume of 12,500 shares, the days-to-cover ratio is currently 0.5 days.

Dawson Geophysical Stock Performance

NASDAQ DWSN remained flat at $1.48 during trading on Tuesday. 3,698 shares of the company’s stock were exchanged, compared to its average volume of 14,618. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $45.85 million, a PE ratio of -8.22 and a beta of 0.64. Dawson Geophysical has a 1 year low of $1.27 and a 1 year high of $2.22. The stock has a fifty day simple moving average of $1.58 and a 200-day simple moving average of $1.70.

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.