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

OMS Energy Technologies Inc. (NASDAQ:OMSE) saw a large decline in short interest during the month of 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 trading volume of 7,578 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On OMS Energy Technologies

A number of hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC purchased a new position in shares of OMS Energy Technologies in the first quarter valued at about $44,000. XTX Topco Ltd purchased a new position in shares of OMS Energy Technologies during the fourth quarter valued at about $63,000. Citadel Advisors LLC purchased a new stake in OMS Energy Technologies in the third quarter worth about $80,000. Geode Capital Management LLC purchased a new stake in OMS Energy Technologies in the second quarter worth about $148,000. Finally, Susquehanna International Group LLP purchased a new stake in OMS Energy Technologies in the third quarter worth about $97,000.

OMS Energy Technologies Price Performance

NASDAQ:OMSE traded up $0.13 during trading hours on Friday, reaching $4.57. The company’s stock had a trading volume of 5,713 shares, compared to its average volume of 9,538. The firm has a 50-day simple moving average of $4.56 and a 200-day simple moving average of $4.69. OMS Energy Technologies has a 1 year low of $3.27 and a 1 year high of $9.86.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of OMS Energy Technologies in a research report on Friday, May 1st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, OMS Energy Technologies presently has an average rating of “Hold” and an average price target 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.