OMS Energy Technologies Inc. (NASDAQ:OMSE) Shares Shorted: Short Interest Down 66.3% in September

OMS Energy Technologies Inc. (NASDAQ:OMSE) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 13,763 shares, a decrease of 66.3% from the August 31st total of 40,808 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 43,390 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OMSE. Zacks Research raised shares of OMS Energy Technologies to a “hold” rating in a research report on Tuesday, August 4th. Weiss Ratings reissued a “sell (d)” rating on shares of OMS Energy Technologies in a research report on Thursday, August 27th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce”.

OMS Energy Technologies Stock Down 3.0%

NASDAQ:OMSE traded down $0.13 on Monday, reaching $4.23. 25,852 shares of the stock traded hands, compared to its average volume of 18,299. OMS Energy Technologies has a 12 month low of $3.27 and a 12 month high of $7.10. The company’s fifty day simple moving average is $4.44 and its 200 day simple moving average is $4.46.

Hedge Funds Weigh In On OMS Energy Technologies

An institutional investor recently bought a new stake in OMS Energy Technologies stock. Ramsey Quantitative Systems bought a new stake in shares of OMS Energy Technologies Inc. (NASDAQ:OMSE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 36,978 shares of the company’s stock, valued at approximately $143,000. Ramsey Quantitative Systems owned about 0.09% of OMS Energy Technologies at the end of the most recent quarter.

OMS Energy Technologies Company Profile

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.