Short Interest Update on Ion Geophysical Corporation (IO)

Ion Geophysical Corporation (IO) : The short interest in Ion Geophysical Corporation (IO) has changed with an increase of 25,722 shares and the open interest is 4.2%. From 618,983 short positions on Jul 29, 2016, the shorts increased to 644,705 shares by August 15, 2016. There are 11 more days left for the expiry and the daily trading volume of the stock is 61,303 shares. The total interest of shorts is 7.1% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.

Ion Geophysical Corporation (NYSE:IO): The stock opened at $5.84 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.85 for the day. The stock traded down to $5.69 during the day, due to lack of any buying support eventually closed down at $5.74 with a loss of -2.21% for the day. The stock had closed at $5.87 on the previous day. The total traded volume was 12,607 shares.


In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Ion Geophysical Corp, Lapeyre James M Jr had purchased shares worth of $11,115 in a transaction dated on June 30, 2016. A total of 1,900 shares were purchased at a price of $5.85 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

ION Geophysical Corporation (ION) is a global technology-focused company that provides geophysical technology, services and solutions to the global oil and gas industry. The Company offers services and products through four segments: Solutions, Systems, Software and Ocean Bottom Services (OBS). Its Solutions segment offers GeoVentures service and GX Technology. The Systems segment is engaged in the manufacture of marine acquisition systems, consisting of towed marine streamers and shipboard electronics that collect seismic data in water depths of over 30 meters. The Software segment provides command and control software systems, related software and services for towed marine streamer, and seabed operations, as well as survey design. Through the addition of OceanGeo, ION offers an integrated OBS solution that includes survey design, planning and optimization.

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