Geospace Technologies Co. (NASDAQ:GEOS) Sees Significant Growth in Short Interest

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

Geospace Technologies Stock Down 1.7 %

NASDAQ GEOS traded down $0.17 on Monday, reaching $9.74. 30,228 shares of the stock traded hands, compared to its average volume of 40,265. Geospace Technologies has a 12 month low of $8.09 and a 12 month high of $17.09. The firm's fifty day simple moving average is $10.70 and its 200 day simple moving average is $10.33. The company has a market cap of $124.86 million, a price-to-earnings ratio of -18.04 and a beta of 0.60.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GEOS. 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 buying an additional 872 shares in the last quarter. Glenorchy Capital Ltd grew its holdings in shares of Geospace Technologies by 2.7% in the 3rd quarter. Glenorchy Capital Ltd now owns 186,217 shares of the oil and gas company's stock worth $1,925,000 after acquiring an additional 4,824 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Geospace Technologies by 14.8% during the second quarter. Renaissance Technologies LLC now owns 47,200 shares of the oil and gas company's stock worth $424,000 after purchasing an additional 6,100 shares during the period. De Lisle Partners LLP increased its stake in Geospace Technologies by 4.7% in the 3rd quarter. De Lisle Partners LLP now owns 144,234 shares of the oil and gas company's stock worth $1,496,000 after purchasing an additional 6,486 shares in the last quarter. Finally, EagleClaw Capital Managment LLC purchased a new stake in Geospace Technologies during the third quarter valued at about $114,000. Institutional investors own 57.15% of the company's stock.

Analyst Ratings Changes

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

About Geospace Technologies

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.