Short Interest in Geospace Technologies Co. (NASDAQ:GEOS) Rises By 5.2%

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Geospace Technologies

Several institutional investors have recently added to or reduced their stakes in GEOS. BNP Paribas Financial Markets grew its stake 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 valued at $31,000 after purchasing an additional 872 shares during the last quarter. EagleClaw Capital Managment LLC acquired a new stake in shares of Geospace Technologies during the third quarter worth $114,000. Barclays PLC grew 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 buying an additional 12,227 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Geospace Technologies by 7.0% in the 4th 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 buying an additional 1,739 shares during the period. Finally, Renaissance Technologies LLC raised its position in Geospace Technologies by 14.8% during the 2nd quarter. Renaissance Technologies LLC now owns 47,200 shares of the oil and gas company's stock worth $424,000 after buying an additional 6,100 shares during the last quarter. Institutional investors and hedge funds own 57.15% of the company's stock.

Geospace Technologies Price Performance

Shares of GEOS traded down $0.21 during mid-day trading on Thursday, reaching $8.73. 187,613 shares of the company's stock were exchanged, compared to its average volume of 51,384. The business's fifty day simple moving average is $9.99 and its 200-day simple moving average is $10.32. Geospace Technologies has a 52-week low of $8.09 and a 52-week high of $17.09. The stock has a market capitalization of $111.91 million, a PE ratio of -16.17 and a beta of 0.57.

Geospace Technologies (NASDAQ:GEOS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.65 EPS for the quarter. Geospace Technologies had a negative net margin of 4.85% and a positive return on equity of 7.65%.

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.