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

OMS Energy Technologies Inc. (NASDAQ:OMSE) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 31,508 shares, a decline of 36.9% from the June 30th total of 49,925 shares. Based on an average trading volume of 18,227 shares, the short-interest ratio is currently 1.7 days. Currently, 0.1% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of OMS Energy Technologies from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, OMS Energy Technologies currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OMSE. Renaissance Technologies LLC acquired a new stake in shares of OMS Energy Technologies during the 1st quarter valued at $44,000. XTX Topco Ltd acquired a new position in OMS Energy Technologies in the 4th quarter worth about $63,000. Citadel Advisors LLC acquired a new position in OMS Energy Technologies in the 3rd quarter worth about $80,000. Geode Capital Management LLC bought a new position in OMS Energy Technologies in the second quarter valued at about $148,000. Finally, Susquehanna International Group LLP bought a new position in OMS Energy Technologies in the third quarter valued at about $97,000.

OMS Energy Technologies Stock Performance

OMS Energy Technologies stock traded up $0.17 during mid-day trading on Thursday, reaching $4.35. The company had a trading volume of 9,874 shares, compared to its average volume of 15,079. OMS Energy Technologies has a fifty-two week low of $3.27 and a fifty-two week high of $7.70. The business has a fifty day simple moving average of $4.32 and a 200 day simple moving average of $4.49.

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.