Follow The Short Interest: It Seems Dawson Geophysical Company (NASDAQ:DWSN) Will Go Up. Just Reported Less Shorted Shares

December 1, 2016 - By Marguerite Chambers   ·   0 Comments

Follow The Short Interest: It Seems Dawson Geophysical Company (NASDAQ:DWSN) Will Go Up. Just Reported Less Shorted Shares

The stock of Dawson Geophysical Company (NASDAQ:DWSN) registered a decrease of 0.19% in short interest. DWSN’s total short interest was 742,800 shares in December as published by FINRA. Its down 0.19% from 744,200 shares, reported previously. With 37,500 shares average volume, it will take short sellers 20 days to cover their DWSN’s short positions. The short interest to Dawson Geophysical Company’s float is 4.5%. About 38,553 shares traded hands. Dawson Geophysical Co (NASDAQ:DWSN) has risen 52.72% since April 28, 2016 and is uptrending. It has outperformed by 46.80% the S&P500.

Dawson Geophysical Company, formerly TGC Industries, Inc., is a well-known provider of onshore seismic data acquisition and processing services with activities throughout the United States and Canada. The company has a market cap of $179.86 million. The Firm acquires and processes two-dimensional , three-dimensional (3-D) and multi-component seismic data for its clients, ranging from gas and oil companies to independent gas and oil operators, as well as providers of multi-client data libraries. It currently has negative earnings. It operates through contract seismic data acquisition and processing services segment.

Insitutional Activity: The institutional sentiment decreased to 0 in 2016 Q2. Its down 1.00, from 1 in 2016Q1. The ratio fall, as 0 funds sold all Dawson Geophysical Co shares owned while 0 reduced positions. 0 funds bought stakes while 0 increased positions. They now own 287,270 shares or 0.00% without change from 287,270 shares in 2016Q1.
Adams Asset reported 101,958 shares or 0.14% of all its holdings. Oslo Asset Asa has invested 1.16% of its portfolio in Dawson Geophysical Co (NASDAQ:DWSN). Robotti Robert last reported 0.03% of its portfolio in the stock.

Dawson Geophysical Co (NASDAQ:DWSN) Ratings Coverage

Out of 2 analysts covering Dawson Geophysical Company (NASDAQ:DWSN), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Dawson Geophysical Company has been the topic of 4 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, May 11 by Raymond James. The firm earned “Hold” rating on Wednesday, August 12 by Zacks. The rating was downgraded by Raymond James to “Outperform” on Monday, August 24. The company was upgraded on Monday, September 7 by Zacks.

DWSN Company Profile

Dawson Geophysical Company, formerly TGC Industries, Inc., incorporated on March 28, 1980, is a well-known provider of onshore seismic data acquisition and processing services with activities throughout the United States and Canada. The Firm acquires and processes two-dimensional (2-D), three-dimensional (3-D) and multi-component seismic data for its clients, ranging from gas and oil companies to independent gas and oil operators, as well as providers of multi-client data libraries. The Firm operates through contract seismic data acquisition and processing services segment. The Firm operates approximately 10 seismic crews, consisting of over eight crews in the United States and approximately two crews in Canada, and a seismic data processing center.

More recent Dawson Geophysical Co (NASDAQ:DWSN) news were published by: Prnewswire.com which released: “Dawson Geophysical Reports Third Quarter 2016 Results” on November 03, 2016. Also Quotes.Wsj.com published the news titled: “News Dawson Geophysical Co.DWSN” on February 11, 2011. Prnewswire.com‘s news article titled: “Dawson Geophysical Announces Completion Of Strategic Business Combination” with publication date: February 11, 2015 was also an interesting one.

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By Marguerite Chambers


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