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

OMS Energy Technologies Inc. (NASDAQ:OMSE) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 10,008 shares, an increase of 22.6% from the January 29th total of 8,161 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 13,468 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 13,468 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On OMS Energy Technologies

Several institutional investors and hedge funds have recently bought and sold shares of OMSE. Americana Partners LLC purchased a new position in OMS Energy Technologies during the 2nd quarter valued at $75,000. Sanders Morris Harris LLC purchased a new stake in shares of OMS Energy Technologies in the third quarter worth $73,000. Two Sigma Investments LP bought a new position in shares of OMS Energy Technologies in the third quarter worth approximately $310,000. Millennium Management LLC purchased a new position in OMS Energy Technologies in the 3rd quarter worth approximately $474,000. Finally, XTX Topco Ltd bought a new stake in shares of OMS Energy Technologies in the 4th quarter worth $63,000.

OMS Energy Technologies Stock Down 3.8%

NASDAQ OMSE traded down $0.18 on Wednesday, reaching $4.53. 9,336 shares of the company’s stock traded hands, compared to its average volume of 12,458. The stock has a 50-day simple moving average of $4.58 and a 200 day simple moving average of $4.87. OMS Energy Technologies has a 12 month low of $3.27 and a 12 month high of $9.86.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.00.

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.