OMS Energy Technologies Inc. (NASDAQ:OMSE) Shares Shorted: Short Interest Down 66.3% in September

OMS Energy Technologies Inc. (NASDAQ:OMSE – Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 13,763 shares, a decrease of 66.3% from the August 31st total of 40,808 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 43,390 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

OMSE has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of OMS Energy Technologies in a report on Thursday, August 27th. Zacks Research raised OMS Energy Technologies to a “hold” rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

View Our Latest Report on OMS Energy Technologies

OMS Energy Technologies Price Performance

OMSE traded up $0.21 on Tuesday, reaching $4.44. The company had a trading volume of 25,992 shares, compared to its average volume of 18,339. The stock has a 50-day moving average price of $4.44 and a 200-day moving average price of $4.45. OMS Energy Technologies has a 1 year low of $3.27 and a 1 year high of $7.10.

Hedge Funds Weigh In On OMS Energy Technologies

An institutional investor recently bought a new stake in OMS Energy Technologies stock. Ramsey Quantitative Systems acquired a new position in shares of OMS Energy Technologies Inc. (NASDAQ:OMSE – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 36,978 shares of the company’s stock, valued at approximately $143,000. Ramsey Quantitative Systems owned 0.09% of OMS Energy Technologies at the end of the most recent quarter.

OMS Energy Technologies Company Profile

(Get Free Report)

OMS Energy Technologies Inc is an energy equipment company that manufactures and supplies oil country tubular goods (OCTG) and related products for the oil and gas industry. Its offerings include casing and tubing used in drilling and well-completion operations, along with threaded connections, couplings and other tubular accessories.

The company’s products are designed to support onshore and offshore exploration, production and well-construction activities. OMS Energy Technologies serves oilfield service companies, distributors and other participants in the energy supply chain, with operations and customers spanning international markets.

OMS Energy Technologies is associated with the OMS Group, an established manufacturer of tubular products.

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