OMS Energy Technologies Inc. (NASDAQ:OMSE) Short Interest Update

OMS Energy Technologies Inc. (NASDAQ:OMSE) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 10,008 shares, an increase of 22.6% from the January 29th total of 8,161 shares. Based on an average daily volume of 13,468 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 13,468 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of OMS Energy Technologies

A number of institutional investors have recently made changes to their positions in the company. Americana Partners LLC purchased a new stake in shares of OMS Energy Technologies during the 2nd quarter valued at approximately $75,000. XTX Topco Ltd purchased a new stake in shares of OMS Energy Technologies in the 4th quarter valued at $63,000. Sanders Morris Harris LLC acquired a new position in OMS Energy Technologies during the 3rd quarter worth about $73,000. Citadel Advisors LLC purchased a new position in OMS Energy Technologies during the 3rd quarter valued at about $80,000. Finally, Geode Capital Management LLC acquired a new position in shares of OMS Energy Technologies in the second quarter valued at approximately $148,000.

OMS Energy Technologies Trading Down 4.1%

OMS Energy Technologies stock traded down $0.20 during midday trading on Tuesday, reaching $4.71. The company had a trading volume of 18,754 shares, compared to its average volume of 12,535. OMS Energy Technologies has a 12-month low of $3.27 and a 12-month high of $9.86. The firm’s fifty day simple moving average is $4.57 and its 200-day simple moving average is $4.89.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of OMS Energy Technologies in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.00.

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.