Many investors appear to be quite bearish Geospace Technologies Corp (GEOS) especially if you look at the percentage of the float that is sold short for this stock. Currently, 20.2% of the float is sold short, suggesting an extreme level of bearishness for GEOS.
However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we actually have a Zacks Rank #2 (Buy)on GEOS, so we clearly don't believe in the negativity surrounding this firm, and are instead looking for shares of GEOS to move higher in the weeks ahead.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.