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

OMS Energy Technologies Inc. (NASDAQ:OMSEGet Free Report) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 27,275 shares, an increase of 117.0% from the May 31st total of 12,572 shares. Based on an average trading volume of 14,478 shares, the short-interest ratio is currently 1.9 days. Currently, 0.1% of the company’s shares are short sold.

OMS Energy Technologies Price Performance

Shares of OMSE opened at $3.95 on Tuesday. OMS Energy Technologies has a fifty-two week low of $3.27 and a fifty-two week high of $7.89. The firm’s 50 day moving average price is $4.51 and its 200 day moving average price is $4.53.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised OMS Energy Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.00.

View Our Latest Analysis on OMS Energy Technologies

Hedge Funds Weigh In On OMS Energy Technologies

Several institutional investors have recently modified their holdings of OMSE. Millennium Management LLC acquired a new stake in shares of OMS Energy Technologies in the third quarter valued at $474,000. Two Sigma Investments LP purchased a new position in OMS Energy Technologies in the third quarter valued at $310,000. Geode Capital Management LLC purchased a new position in OMS Energy Technologies in the second quarter valued at $148,000. Marex Group plc acquired a new position in OMS Energy Technologies during the 4th quarter worth $127,000. Finally, Susquehanna International Group LLP acquired a new position in OMS Energy Technologies during the 3rd quarter worth $97,000.

About OMS Energy Technologies

(Get Free Report)

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.

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