Short Interest in OMS Energy Technologies Inc. (NASDAQ:OMSE) Rises By 72.0%

OMS Energy Technologies Inc. (NASDAQ:OMSE) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 40,808 shares, a growth of 72.0% from the August 15th total of 23,721 shares. Based on an average daily volume of 29,575 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.1% of the shares of the stock are sold short.

OMS Energy Technologies Stock Down 1.3%

Shares of OMSE stock traded down $0.06 on Wednesday, reaching $4.37. The company had a trading volume of 8,798 shares, compared to its average volume of 18,440. OMS Energy Technologies has a one year low of $3.27 and a one year high of $7.10. The business’s 50-day moving average is $4.44 and its 200 day moving average is $4.47.

Analysts Set New Price Targets

OMSE has been the subject of several analyst reports. Zacks Research upgraded shares of OMS Energy Technologies to a “hold” rating in a research report on Tuesday, August 4th. Weiss Ratings restated a “sell (d)” rating on shares of OMS Energy Technologies in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in OMS Energy Technologies stock. Renaissance Technologies LLC acquired a new stake in shares of OMS Energy Technologies Inc. (NASDAQ:OMSE) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 10,400 shares of the company’s stock, valued at approximately $44,000.

About OMS Energy Technologies

OMS Energy Technologies Inc is an energy equipment company that manufactures and supplies oil country tubular goods (OCTG) and related products for the oil and gas industry. Its offerings include casing and tubing used in drilling and well-completion operations, along with threaded connections, couplings and other tubular accessories.

The company’s products are designed to support onshore and offshore exploration, production and well-construction activities. OMS Energy Technologies serves oilfield service companies, distributors and other participants in the energy supply chain, with operations and customers spanning international markets.

OMS Energy Technologies is associated with the OMS Group, an established manufacturer of tubular products.