Short Interest in OMS Energy Technologies Inc. (NASDAQ:OMSE) Declines By 17.9%

OMS Energy Technologies Inc. (NASDAQ:OMSE) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 8,219 shares, a decline of 17.9% from the February 12th total of 10,008 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 8,150 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 8,150 shares, the short-interest ratio is presently 1.0 days. Approximately 0.0% of the company’s stock are short sold.

OMS Energy Technologies Stock Performance

OMSE traded up $0.06 during midday trading on Tuesday, reaching $4.49. The company’s stock had a trading volume of 13,019 shares, compared to its average volume of 12,424. The company has a fifty day simple moving average of $4.59 and a 200 day simple moving average of $4.74. OMS Energy Technologies has a twelve month low of $3.27 and a twelve month high of $9.86.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e)” rating on shares of OMS Energy Technologies in a report 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Institutional Investors Weigh In On OMS Energy Technologies

Several hedge funds and other institutional investors have recently modified their holdings of OMSE. XTX Topco Ltd acquired a new position in OMS Energy Technologies during the 4th quarter valued at $63,000. Sanders Morris Harris LLC acquired a new stake in OMS Energy Technologies in the 3rd quarter worth $73,000. Citadel Advisors LLC bought a new position in shares of OMS Energy Technologies during the 3rd quarter worth about $80,000. Susquehanna International Group LLP acquired a new position in shares of OMS Energy Technologies during the third quarter valued at about $97,000. Finally, Marex Group plc acquired a new position in shares of OMS Energy Technologies during the fourth quarter valued at about $127,000.

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.