OMS Energy Technologies Inc. (NASDAQ:OMSE) Short Interest Down 36.9% in July

OMS Energy Technologies Inc. (NASDAQ:OMSE) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 31,508 shares, a drop of 36.9% from the June 30th total of 49,925 shares. Based on an average daily volume of 18,227 shares, the short-interest ratio is presently 1.7 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of OMSE. Renaissance Technologies LLC bought a new stake in OMS Energy Technologies during the 1st quarter valued at $44,000. XTX Topco Ltd purchased a new stake in OMS Energy Technologies during the fourth quarter valued at about $63,000. Citadel Advisors LLC acquired a new position in OMS Energy Technologies in the 3rd quarter worth approximately $80,000. Susquehanna International Group LLP purchased a new position in OMS Energy Technologies during the 3rd quarter worth approximately $97,000. Finally, Marex Group plc acquired a new stake in OMS Energy Technologies during the 4th quarter valued at $127,000.

Analyst Ratings Changes

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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

OMS Energy Technologies Stock Performance

OMS Energy Technologies stock opened at $4.22 on Friday. The firm’s 50-day simple moving average is $4.30 and its 200 day simple moving average is $4.49. OMS Energy Technologies has a 52 week low of $3.27 and a 52 week high of $7.70.

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.