Geospace Technologies Co. (NASDAQ:GEOS) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 183,100 shares, a growth of 20.5% from the August 31st total of 152,000 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average trading volume of 80,800 shares, the days-to-cover ratio is presently 2.3 days.
GEOS traded up $0.10 during trading on Friday, hitting $6.18. The company had a trading volume of 25,975 shares, compared to its average volume of 86,747. The company has a market capitalization of $84.44 million, a PE ratio of -12.12 and a beta of 2.05. Geospace Technologies has a one year low of $4.61 and a one year high of $17.66. The firm’s 50-day moving average price is $6.39 and its 200 day moving average price is $6.63.
Geospace Technologies (NASDAQ:GEOS) last posted its quarterly earnings data on Thursday, August 6th. The oil and gas company reported ($0.17) EPS for the quarter. Geospace Technologies had a negative net margin of 6.50% and a negative return on equity of 9.23%. The company had revenue of $22.70 million during the quarter.
A number of large investors have recently modified their holdings of the business. Legal & General Group Plc increased its position in shares of Geospace Technologies by 5.4% during the first quarter. Legal & General Group Plc now owns 34,968 shares of the oil and gas company’s stock worth $211,000 after buying an additional 1,782 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Geospace Technologies by 10.4% during the first quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 25,500 shares of the oil and gas company’s stock worth $163,000 after buying an additional 2,400 shares during the period. Rhumbline Advisers increased its position in shares of Geospace Technologies by 9.0% during the first quarter. Rhumbline Advisers now owns 42,319 shares of the oil and gas company’s stock worth $271,000 after buying an additional 3,510 shares during the period. Royal Bank of Canada increased its position in shares of Geospace Technologies by 359.3% during the first quarter. Royal Bank of Canada now owns 5,227 shares of the oil and gas company’s stock worth $33,000 after buying an additional 4,089 shares during the period. Finally, Ensign Peak Advisors Inc increased its position in shares of Geospace Technologies by 22.1% during the first quarter. Ensign Peak Advisors Inc now owns 24,335 shares of the oil and gas company’s stock worth $156,000 after buying an additional 4,400 shares during the period. 60.13% of the stock is currently owned by hedge funds and other institutional investors.
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.
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