Short Interest in OMS Energy Technologies Inc. (NASDAQ:OMSE) Decreases By 41.8%

OMS Energy Technologies Inc. (NASDAQ:OMSE) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 23,721 shares, a decline of 41.8% from the July 30th total of 40,780 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 25,257 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of OMS Energy Technologies in a research note on Thursday, August 27th. Zacks Research upgraded shares of OMS Energy Technologies to a “hold” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, OMS Energy Technologies currently has a consensus rating of “Reduce”.

OMS Energy Technologies Price Performance

NASDAQ OMSE opened at $4.73 on Wednesday. The stock’s fifty day moving average price is $4.30 and its 200 day moving average price is $4.46. OMS Energy Technologies has a 1 year low of $3.27 and a 1 year high of $7.10.

Institutional Trading of OMS Energy Technologies

Large investors have recently added to or reduced their stakes in the company. Ramsey Quantitative Systems purchased a new position in shares of OMS Energy Technologies in the second quarter worth about $143,000. Renaissance Technologies LLC purchased a new stake in OMS Energy Technologies in the first quarter valued at approximately $44,000. XTX Topco Ltd acquired a new position in OMS Energy Technologies in the 4th quarter worth approximately $63,000. Marex Group plc acquired a new position in OMS Energy Technologies in the 4th quarter worth approximately $127,000. Finally, Susquehanna International Group LLP purchased a new position in OMS Energy Technologies during the 3rd quarter worth approximately $97,000.

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.