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

Geospace Technologies Co. (NASDAQ:GEOS) saw a large growth in short interest during 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 daily volume of 42,500 shares, the short-interest ratio is currently 9.4 days. Approximately 3.4% of the shares of the company are short sold.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets raised 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 buying an additional 872 shares in the last quarter. EagleClaw Capital Managment LLC bought a new stake in Geospace Technologies in the third quarter valued at about $114,000. Rhumbline Advisers raised its position in Geospace Technologies by 2,370.7% in the second quarter. Rhumbline Advisers now owns 14,824 shares of the oil and gas company’s stock worth $133,000 after purchasing an additional 14,224 shares in the last quarter. Barclays PLC lifted its stake in Geospace Technologies by 278.2% during the third quarter. Barclays PLC now owns 16,622 shares of the oil and gas company’s stock worth $172,000 after purchasing an additional 12,227 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in Geospace Technologies during the second quarter valued at approximately $314,000. 57.15% of the stock is owned by institutional investors.

Geospace Technologies Trading Down 1.7 %

Shares of GEOS stock opened at $9.74 on Tuesday. Geospace Technologies has a 12 month low of $8.09 and a 12 month high of $17.09. The company has a market capitalization of $124.86 million, a P/E ratio of -18.04 and a beta of 0.60. The stock has a 50 day moving average of $10.70 and a two-hundred day moving average of $10.33.

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.