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

OMS Energy Technologies Inc. (NASDAQ:OMSEGet Free Report) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 23,721 shares, a decrease of 41.8% from the July 30th total of 40,780 shares. Based on an average trading volume of 25,257 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On OMS Energy Technologies

Several institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new stake in shares of OMS Energy Technologies in the first quarter worth about $44,000. XTX Topco Ltd bought a new position in shares of OMS Energy Technologies in the 4th quarter valued at approximately $63,000. Citadel Advisors LLC bought a new position in shares of OMS Energy Technologies in the 3rd quarter valued at approximately $80,000. Susquehanna International Group LLP acquired a new stake in OMS Energy Technologies in the 3rd quarter worth approximately $97,000. Finally, Marex Group plc acquired a new stake in OMS Energy Technologies in the 4th quarter worth approximately $127,000.

OMS Energy Technologies Stock Down 1.9%

Shares of OMS Energy Technologies stock traded down $0.09 during midday trading on Tuesday, reaching $4.73. 62,266 shares of the company’s stock traded hands, compared to its average volume of 17,224. The company’s 50 day simple moving average is $4.29 and its 200 day simple moving average is $4.45. OMS Energy Technologies has a 52 week low of $3.27 and a 52 week high of $7.10.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OMSE. Zacks Research raised OMS Energy Technologies to a “hold” rating in a research report on Tuesday, August 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of OMS Energy Technologies in a research report on Thursday. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Get Our Latest Research Report on OMSE

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.

See Also

Receive News & Ratings for OMS Energy Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OMS Energy Technologies and related companies with MarketBeat.com's FREE daily email newsletter.