OMS Energy Technologies Inc. (NASDAQ:OMSE) Sees Significant Decrease in Short Interest

OMS Energy Technologies Inc. (NASDAQ:OMSE) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 23,721 shares, a decrease of 41.8% from the July 30th total of 40,780 shares. Based on an average trading volume of 25,257 shares, the short-interest ratio is presently 0.9 days. Approximately 0.1% of the shares of the stock are short sold.

OMS Energy Technologies Stock Performance

Shares of NASDAQ OMSE traded up $0.30 during mid-day trading on Monday, hitting $4.93. 51,077 shares of the stock were exchanged, compared to its average volume of 16,900. OMS Energy Technologies has a twelve month low of $3.27 and a twelve month high of $7.10. The stock’s fifty day simple moving average is $4.28 and its two-hundred day simple moving average is $4.45.

Analyst Upgrades and Downgrades

OMSE has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of OMS Energy Technologies in a report on Thursday. Zacks Research raised shares of OMS Energy Technologies to a “hold” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Institutional Investors Weigh In On OMS Energy Technologies

A number of large investors have recently bought and sold shares of the business. Millennium Management LLC acquired a new position in OMS Energy Technologies in the third quarter worth $474,000. Two Sigma Investments LP bought a new stake in shares of OMS Energy Technologies during the third quarter worth $310,000. Geode Capital Management LLC acquired a new stake in shares of OMS Energy Technologies in the second quarter valued at $148,000. XTX Topco Ltd acquired a new stake in shares of OMS Energy Technologies in the fourth quarter valued at $63,000. Finally, Marex Group plc bought a new position in shares of OMS Energy Technologies in the fourth quarter valued at about $127,000.

OMS Energy Technologies Company Profile

We are a growth-oriented manufacturer of surface wellhead systems, or SWS, and oil country tubular goods, or OCTG products used in the oil and gas industry. These products are primarily used for both onshore and offshore oil exploration and production, or E&P activities in the Asia Pacific and the Middle Eastern and North Africa (MENA) Regions. Our customers often operate in geographic locations where the operating environment requires wellheads, casing and tubing materials capable of meeting exact standards for temperature, pressure, corrosion, torque resistance and abrasion.