What Will Happen to Geospace Tech Corporation Texas (NASDAQ:GEOS) Next? The Stock Has Decline in Shorts

February 12, 2018 - By Linda Rogers

 What Will Happen to Geospace Tech Corporation Texas (NASDAQ:GEOS) Next? The Stock Has Decline in Shorts

The stock of Geospace Tech Corporation Texas (NASDAQ:GEOS) registered a decrease of 5.78% in short interest. GEOS’s total short interest was 701,000 shares in February as published by FINRA. Its down 5.78% from 744,000 shares, reported previously. With 45,600 shares average volume, it will take short sellers 15 days to cover their GEOS’s short positions. The short interest to Geospace Tech Corporation Texas’s float is 5.94%.

The stock increased 0.53% or $0.065 during the last trading session, reaching $12.315. About 32,521 shares traded. Geospace Technologies Corporation (NASDAQ:GEOS) has declined 6.18% since February 12, 2017 and is downtrending. It has underperformed by 22.88% the S&P500.

Geospace Technologies Corporation, together with its subsidiaries, creates and makes seismic instruments and equipment for the gas and oil industry in the United States, Canada, Colombia, the Russian Federation, and the United Kingdom. The company has market cap of $167.00 million. The firm operates through two divisions, Seismic and Non-Seismic. It currently has negative earnings. The Seismic segment offers land and marine nodal data acquisition systems; permanent land and seabed reservoir monitoring services and products; geophones and geophone strings; hydrophones; leader wires; connectors; telemetry cables; marine streamer retrieval and steering devices; and various other products.

More notable recent Geospace Technologies Corporation (NASDAQ:GEOS) news were published by: Seekingalpha.com which released: “Geospace Technologies’ (GEOS) CEO Rick Wheeler on Q1 2018 Results – Earnings …” on February 07, 2018, also Seekingalpha.com with their article: “Geospace Technologies notes errors in inventory accounting” published on November 22, 2017, Thestreet.com published: “Why Geospace Technologies Corp (GEOS) Is Plummeting” on March 21, 2014. More interesting news about Geospace Technologies Corporation (NASDAQ:GEOS) were released by: Businesswire.com and their article: “Geospace Technologies Reports First Quarter 2018 Results and Conference Call …” published on January 29, 2018 as well as Businesswire.com‘s news article titled: “Geospace Technologies Reports Fiscal Year 2018 First Quarter Results” with publication date: February 06, 2018.

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