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

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

OMS Energy Technologies Stock Down 0.2%

NASDAQ OMSE traded down $0.01 during trading on Thursday, reaching $4.52. 8,133 shares of the company traded hands, compared to its average volume of 12,213. OMS Energy Technologies has a 1-year low of $3.27 and a 1-year high of $9.86. The stock’s 50 day moving average price is $4.58 and its two-hundred day moving average price is $4.87.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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 given a Sell rating to the company. According to data from MarketBeat.com, OMS Energy Technologies currently has an average rating of “Hold” and a consensus target price of $10.00.

Institutional Inflows and Outflows

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

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.