Short Interest in OMS Energy Technologies Inc. (NASDAQ:OMSE) Rises By 22.6%

OMS Energy Technologies Inc. (NASDAQ:OMSE) was the recipient of a significant growth in short interest in 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. Based on an average daily trading volume, of 13,468 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 13,468 shares, the short-interest ratio is presently 0.7 days.

OMS Energy Technologies Stock Down 4.1%

OMSE stock traded down $0.20 on Tuesday, hitting $4.71. The company’s stock had a trading volume of 18,754 shares, compared to its average volume of 12,535. OMS Energy Technologies has a 1 year low of $3.27 and a 1 year high of $9.86. The firm has a 50 day moving average of $4.57 and a two-hundred day moving average of $4.89.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of OMS Energy Technologies in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Hedge Funds Weigh In On OMS Energy Technologies

Several institutional investors have recently bought and sold shares of OMSE. Americana Partners LLC purchased a new position in OMS Energy Technologies during the 2nd quarter worth $75,000. XTX Topco Ltd purchased a new stake in shares of OMS Energy Technologies during the 4th quarter worth approximately $63,000. Sanders Morris Harris LLC acquired a new stake in OMS Energy Technologies in the third quarter valued at $73,000. Citadel Advisors LLC acquired a new stake in OMS Energy Technologies in the 3rd quarter valued at about $80,000. Finally, Geode Capital Management LLC purchased a new position in shares of OMS Energy Technologies during the 2nd quarter worth approximately $148,000.

OMS Energy Technologies Company Profile

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.