Geospace Technologies Co. (NASDAQ:GEOS) Short Interest Update

Geospace Technologies Co. (NASDAQ:GEOS) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 399,500 shares, a growth of 5.2% from the December 15th total of 379,900 shares. Based on an average trading volume of 42,500 shares, the short-interest ratio is currently 9.4 days. Currently, 3.4% of the company’s stock are sold short.

Institutional Trading of Geospace Technologies

A number of hedge funds have recently made changes to their positions in GEOS. BNP Paribas Financial Markets boosted its position in shares of Geospace Technologies by 40.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,016 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 872 shares in the last quarter. EagleClaw Capital Managment LLC bought a new position in Geospace Technologies in the 3rd quarter valued at approximately $114,000. Rhumbline Advisers lifted its position in Geospace Technologies by 2,370.7% in the 2nd quarter. Rhumbline Advisers now owns 14,824 shares of the oil and gas company’s stock valued at $133,000 after acquiring an additional 14,224 shares in the last quarter. Barclays PLC lifted its position in Geospace Technologies by 278.2% in the 3rd quarter. Barclays PLC now owns 16,622 shares of the oil and gas company’s stock valued at $172,000 after acquiring an additional 12,227 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Geospace Technologies in the 2nd quarter valued at approximately $314,000. 57.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Geospace Technologies from a “sell” rating to a “hold” rating in a report on Thursday, November 28th.

Geospace Technologies Stock Up 1.0 %

Shares of GEOS opened at $9.84 on Wednesday. The business’s 50 day moving average price is $10.70 and its 200-day moving average price is $10.33. Geospace Technologies has a 52 week low of $8.09 and a 52 week high of $17.09. The stock has a market cap of $126.15 million, a P/E ratio of -18.22 and a beta of 0.60.

Geospace Technologies (NASDAQ:GEOS) last issued its quarterly earnings results on Thursday, November 21st. The oil and gas company reported $0.36 EPS for the quarter. Geospace Technologies had a positive return on equity of 7.65% and a negative net margin of 4.85%.

Geospace Technologies Company Profile

Geospace Technologies Corporation designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize, and monitor hydrocarbon producing reservoirs. The company operates through three segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets.