Short Interest in OMS Energy Technologies Inc. (NASDAQ:OMSE) Declines By 36.9%

OMS Energy Technologies Inc. (NASDAQ:OMSE) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 31,508 shares, a decrease of 36.9% from the June 30th total of 49,925 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 18,227 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Investors Weigh In On OMS Energy Technologies

Institutional investors have recently made changes to their positions in the company. Millennium Management LLC acquired a new position in OMS Energy Technologies in the third quarter worth approximately $474,000. Two Sigma Investments LP bought a new stake in OMS Energy Technologies in the third quarter worth approximately $310,000. Ramsey Quantitative Systems acquired a new position in shares of OMS Energy Technologies during the 2nd quarter worth $143,000. Marex Group plc bought a new position in shares of OMS Energy Technologies during the 4th quarter valued at $127,000. Finally, Susquehanna International Group LLP bought a new position in shares of OMS Energy Technologies during the 3rd quarter valued at $97,000.

OMS Energy Technologies Price Performance

Shares of NASDAQ OMSE traded up $0.12 during mid-day trading on Friday, reaching $4.34. The company had a trading volume of 16,090 shares, compared to its average volume of 15,520. The stock has a fifty day moving average of $4.31 and a two-hundred day moving average of $4.49. OMS Energy Technologies has a 12-month low of $3.27 and a 12-month high of $7.70.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of OMS Energy Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.