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

Geospace Technologies Co. (NASDAQ:GEOS) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 362,400 shares, a decrease of 5.6% from the January 15th total of 384,100 shares. Approximately 3.1% of the shares of the company are short sold. Based on an average daily trading volume, of 53,300 shares, the days-to-cover ratio is presently 6.8 days.

Analysts Set New Price Targets

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

Geospace Technologies Stock Down 3.5 %

Shares of GEOS opened at $8.91 on Thursday. Geospace Technologies has a 52 week low of $8.03 and a 52 week high of $14.83. The company has a market capitalization of $113.84 million, a price-to-earnings ratio of -10.73 and a beta of 0.57. The stock’s 50-day moving average price is $9.62 and its 200-day moving average price is $10.30.

Geospace Technologies (NASDAQ:GEOS) last released its quarterly earnings results on Wednesday, February 5th. The oil and gas company reported $0.65 earnings per share for the quarter. Geospace Technologies had a positive return on equity of 4.61% and a negative net margin of 8.86%.

Hedge Funds Weigh In On Geospace Technologies

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its holdings in shares of Geospace Technologies by 40.7% in the third quarter. BNP Paribas Financial Markets now owns 3,016 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 872 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Geospace Technologies by 10.4% in the fourth quarter. Wells Fargo & Company MN now owns 14,646 shares of the oil and gas company’s stock valued at $147,000 after purchasing an additional 1,380 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Geospace Technologies by 7.7% in the fourth quarter. Prudential Financial Inc. now owns 19,625 shares of the oil and gas company’s stock valued at $197,000 after purchasing an additional 1,400 shares during the last quarter. Barclays PLC increased its holdings in shares of Geospace Technologies by 10.2% in the fourth quarter. Barclays PLC now owns 18,318 shares of the oil and gas company’s stock valued at $184,000 after purchasing an additional 1,696 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Geospace Technologies by 7.0% in the fourth quarter. Bank of New York Mellon Corp now owns 26,558 shares of the oil and gas company’s stock valued at $266,000 after purchasing an additional 1,739 shares during the last quarter. Institutional investors and hedge funds own 57.15% of the company’s stock.

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.