Will Ion Geophysical Corporation (NYSE:IO) Run Out of Steam Soon? Short Interest is Up

ION Geophysical Corporation (NYSE:IO) Logo

The stock of Ion Geophysical Corporation (NYSE:IO) registered an increase of 47.88% in short interest. IO’s total short interest was 909,900 shares in September as published by FINRA. Its up 47.88% from 615,300 shares, reported previously. With 194,500 shares average volume, it will take short sellers 5 days to cover their IO’s short positions. The short interest to Ion Geophysical Corporation’s float is 9.66%.

It closed at $9.51 lastly. It is down 62.92% since September 13, 2018 and is downtrending. It has underperformed by 62.92% the S&P500.

ION Geophysical Corporation provides geoscience products, services, and solutions to the gas and oil industry worldwide. The company has market cap of $134.69 million. It operates through three divisions: E&P Technology & Services, E&P Operations Optimization, and Ocean Bottom Services. It currently has negative earnings. The E&P Technology & Services segment offers services to manage the entire seismic process, from survey planning and design to data acquisition and management, to final subsurface imaging and reservoir characterization.

More notable recent ION Geophysical Corporation (NYSE:IO) news were published by: Prnewswire.com which released: “ION announces new 2D multi-client program offshore West Africa – PRNewswire” on September 11, 2019, also Finance.Yahoo.com with their article: “Did You Manage To Avoid ION Geophysical’s (NYSE:IO) Devastating 84% Share Price Drop? – Yahoo Finance” published on August 27, 2019, Seekingalpha.com published: “Buy The Dip In UnitedHealth – Seeking Alpha” on August 23, 2019. More interesting news about ION Geophysical Corporation (NYSE:IO) were released by: Finance.Yahoo.com and their article: “How Many ION Geophysical Corporation (NYSE:IO) Shares Did Insiders Buy, In The Last Year? – Yahoo Finance” published on July 22, 2019 as well as Businesswire.com‘s news article titled: “Dynex Capital, Inc. Declares Monthly Common Stock Dividend and Quarterly Preferred Stock Dividends – Business Wire” with publication date: September 11, 2019.

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