Geospace Technologies Co. (NASDAQ:GEOS) Short Interest Up 5.2% in December

Geospace Technologies Co. (NASDAQ:GEOS) saw a large increase in short interest during 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. Based on an average daily volume of 42,500 shares, the short-interest ratio is presently 9.4 days. Currently, 3.4% of the company’s stock are short sold.

Geospace Technologies Stock Down 1.7 %

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

Institutional Trading of Geospace Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE increased its holdings in shares of Geospace Technologies by 120.0% during the 3rd quarter. US Bancorp DE now owns 71,033 shares of the oil and gas company’s stock valued at $734,000 after acquiring an additional 38,752 shares during the last quarter. Barclays PLC grew its holdings 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 valued at $172,000 after purchasing an additional 12,227 shares during the last quarter. State Street Corp raised its position in shares of Geospace Technologies by 12.4% in the third quarter. State Street Corp now owns 167,497 shares of the oil and gas company’s stock valued at $1,732,000 after purchasing an additional 18,469 shares during the period. Empowered Funds LLC lifted its stake in shares of Geospace Technologies by 59.2% in the third quarter. Empowered Funds LLC now owns 46,002 shares of the oil and gas company’s stock worth $476,000 after buying an additional 17,098 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Geospace Technologies in the second quarter worth $314,000. Institutional investors and hedge funds own 57.15% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.