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

OMS Energy Technologies Inc. (NASDAQ:OMSE) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 2,962 shares, a decline of 54.1% from the April 15th total of 6,459 shares. Based on an average daily volume of 7,578 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OMSE. Renaissance Technologies LLC acquired a new position in shares of OMS Energy Technologies during the 1st quarter worth about $44,000. XTX Topco Ltd acquired a new position in shares of OMS Energy Technologies during the 4th quarter worth about $63,000. Citadel Advisors LLC acquired a new position in shares of OMS Energy Technologies during the 3rd quarter worth about $80,000. Susquehanna International Group LLP acquired a new position in shares of OMS Energy Technologies during the 3rd quarter worth about $97,000. Finally, Marex Group plc acquired a new position in shares of OMS Energy Technologies during the 4th quarter worth about $127,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of OMS Energy Technologies in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, OMS Energy Technologies presently has a consensus rating of “Hold” and a consensus price target of $10.00.

OMS Energy Technologies Trading Up 2.9%

OMSE traded up $0.13 on Friday, hitting $4.57. 5,713 shares of the company were exchanged, compared to its average volume of 9,538. OMS Energy Technologies has a twelve month low of $3.27 and a twelve month high of $9.86. The firm has a 50-day moving average price of $4.56 and a two-hundred day moving average price of $4.69.

About OMS Energy Technologies

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.