Dawson Geophysical Company June 15th Short Interest Update

Dawson Geophysical Company (NASDAQ:DWSN), A increase of 130,336 shares or 217.9% was observed in the short interest of Dawson Geophysical Company The interest on June 15,2016 came in at 190,142 shares and as per the average daily trading of 157,131 shares, the days to cover are 1. The increased interest is 1% of the floated shares. The data of May 31,2016 put the interest at 59,806 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Dawson Geophysical Company (NASDAQ:DWSN): The stock opened at $7.28 on Friday but the bulls could not build on the opening and the stock topped out at $7.40 for the day. The stock traded down to $6.82 during the day, due to lack of any buying support eventually closed down at $7.23 with a loss of -5.24% for the day. The stock had closed at $7.63 on the previous day. The total traded volume was 2,198,696 shares.

The company shares have rallied 54.16% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $8.42 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $6.87 and the 200 Day Moving Average price is recorded at $4.63.

Dawson Geophysical Company (NASDAQ:DWSN) has climbed 2.41% in the past week and advanced 13.5% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.11% and the outperformance has advanced to 16.94% for the last 4 weeks period.

Dawson Geophysical Company, formerly TGC Industries, Inc., is a provider of seismic data acquisition services throughout the United States and Canada. As of December 31, 2014, the Company operated eight seismic crews consisting of three crews in the United States and five crews in Canada. These seismic crews supply seismic data primarily to companies engaged in the exploration and development of oil and natural gas on land and in land-to-water transition areas. Seismic acquisition services of its wholly owned subsidiary, Eagle Canada, Inc. (Eagle Canada) are also used by the potash mining industry in Canada, and Eagle Canada is engaged in heliportable activities. It acquires geophysical data using three-dimensional (3-D) survey techniques. The Company provides its seismic data acquisition services primarily to onshore oil and natural gas exploration and development companies for use in the onshore drilling and production of oil and natural gas in the United States and Canada.

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