OMS Energy Technologies Inc. (NASDAQ:OMSE) Sees Large Drop in Short Interest

OMS Energy Technologies Inc. (NASDAQ:OMSE) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 8,219 shares, a decline of 17.9% from the February 12th total of 10,008 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 8,150 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 8,150 shares, the short-interest ratio is currently 1.0 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On OMS Energy Technologies

Large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in shares of OMS Energy Technologies in the fourth quarter valued at about $63,000. Sanders Morris Harris LLC purchased a new stake in shares of OMS Energy Technologies during the third quarter worth about $73,000. Citadel Advisors LLC purchased a new stake in shares of OMS Energy Technologies during the third quarter worth about $80,000. Geode Capital Management LLC bought a new stake in shares of OMS Energy Technologies in the second quarter worth about $148,000. Finally, Susquehanna International Group LLP purchased a new position in OMS Energy Technologies during the 3rd quarter valued at about $97,000.

OMS Energy Technologies Stock Up 0.2%

Shares of OMS Energy Technologies stock traded up $0.01 on Monday, hitting $4.43. The stock had a trading volume of 4,321 shares, compared to its average volume of 10,997. OMS Energy Technologies has a one year low of $3.27 and a one year high of $9.86. The stock’s 50-day simple moving average is $4.59 and its two-hundred day simple moving average is $4.74.

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.