OMS Energy Technologies Inc. (NASDAQ:OMSE) Short Interest Up 21.3% in April

OMS Energy Technologies Inc. (NASDAQ:OMSEGet Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 6,459 shares, an increase of 21.3% from the March 31st total of 5,327 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 10,826 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OMSE. Millennium Management LLC purchased a new position in OMS Energy Technologies in the third quarter valued at $474,000. Two Sigma Investments LP purchased a new stake in OMS Energy Technologies during the 3rd quarter worth about $310,000. Marex Group plc purchased a new stake in OMS Energy Technologies during the 4th quarter worth about $127,000. Susquehanna International Group LLP purchased a new stake in OMS Energy Technologies during the 3rd quarter worth about $97,000. Finally, Geode Capital Management LLC purchased a new stake in OMS Energy Technologies during the 2nd quarter worth about $148,000.

OMS Energy Technologies Trading Down 0.2%

NASDAQ:OMSE traded down $0.01 during midday trading on Friday, reaching $4.66. The company had a trading volume of 2,202 shares, compared to its average volume of 8,130. The stock’s fifty day simple moving average is $4.56 and its 200-day simple moving average is $4.66. OMS Energy Technologies has a 12-month low of $3.27 and a 12-month high of $9.86.

OMS Energy Technologies Company Profile

(Get Free Report)

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.

Further Reading

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