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Dawson Geophysical (NASDAQ:DWSN) short interest rose 107.4% in May

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Dawson Geophysical (NASDAQ:DWSN – Free Report) saw a significant increase in short interest in May. As of May 15, there was short interest totaling 16,800 shares, a 107.4% increase from the total of 8,100 shares on April 30. Based on an average daily volume of 22,000 shares, the short interest ratio is currently 0.8 days.

Dawson Geophysical shares lose 2.0%

NASDAQ DWSN traded $0.04 lower during midday trading on Wednesday, reaching $1.96. The stock had a trading volume of 13,392 shares, compared to its average volume of 17,947. Dawson Geophysical has a 1-year low of $1.27 and a 1-year high of $2.65. The stock has a market cap of $60.39 million, a P/E ratio of -7.27 and a beta of 0.78. The company has a 50-day moving average price of $1.67 and a 200-day moving average price of $1.61. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.42 and a quick ratio of 1.42.

Dawson Geophysical (NASDAQ:DWSN – Free Report) last released its quarterly earnings results on Monday, May 13. The oil and gas company reported $0.19 earnings per share for the quarter. Dawson Geophysical had a negative net margin of 5.95% and a negative return on equity of 19.46%. The company posted revenue of $31.58 million for the quarter.

Dividend announcement from Dawson Geophysical

The company also recently announced a dividend, which was paid on Monday, May 6. Investors of record on Monday, April 22nd were given a dividend of $0.32. The ex-dividend date was Friday, April 19th, representing a yield of 18.03%.

About Dawson Geophysical

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Dawson Geophysical Company provides onshore seismic data acquisition and processing services in the United States and Canada. The company acquires and processes 2D, 3D 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 and storage projects.

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