OMS Energy Technologies Inc. (NASDAQ:OMSE) Short Interest Up 365.3% in May

OMS Energy Technologies Inc. (NASDAQ:OMSE) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 13,782 shares, an increase of 365.3% from the April 30th total of 2,962 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 10,029 shares, the days-to-cover ratio is presently 1.4 days.

OMS Energy Technologies Price Performance

NASDAQ:OMSE traded down $0.02 during trading hours on Friday, hitting $4.70. 13,583 shares of the company traded hands, compared to its average volume of 10,092. OMS Energy Technologies has a twelve month low of $3.27 and a twelve month high of $9.47. The firm has a 50-day moving average of $4.61 and a 200 day moving average of $4.61.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of OMS Energy Technologies in a research report on Friday, May 1st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $10.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OMSE. Geode Capital Management LLC acquired a new position in shares of OMS Energy Technologies during the second quarter valued at about $148,000. Two Sigma Investments LP acquired a new position in shares of OMS Energy Technologies during the third quarter valued at about $310,000. Citadel Advisors LLC acquired a new position in shares of OMS Energy Technologies during the third quarter valued at about $80,000. Millennium Management LLC acquired a new position in shares of OMS Energy Technologies during the third quarter valued at about $474,000. Finally, Susquehanna International Group LLP acquired a new position in shares of OMS Energy Technologies during the third quarter valued at about $97,000.

About OMS Energy Technologies

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.