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

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

Hedge Funds Weigh In On Geospace Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in GEOS. BNP Paribas Financial Markets lifted its position in 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 period. EagleClaw Capital Managment LLC acquired a new position in shares of Geospace Technologies during the 3rd quarter worth approximately $114,000. Barclays PLC raised its position in shares of Geospace Technologies by 278.2% during the 3rd 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 last quarter. Renaissance Technologies LLC raised its position in shares of 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 purchasing an additional 6,100 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in Geospace Technologies by 59.2% in the 3rd quarter. Empowered Funds LLC now owns 46,002 shares of the oil and gas company’s stock worth $476,000 after acquiring an additional 17,098 shares during the period. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Geospace Technologies Stock Performance

Geospace Technologies stock opened at $8.92 on Tuesday. Geospace Technologies has a 1-year low of $8.09 and a 1-year high of $17.09. The stock’s fifty day moving average is $10.09 and its two-hundred day moving average is $10.33.

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

Analyst Ratings Changes

Separately, StockNews.com upgraded Geospace Technologies from a “sell” rating to a “hold” rating in a research 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.