OMS Energy Technologies Inc. (NASDAQ:OMSE) Sees Large Increase in Short Interest

OMS Energy Technologies Inc. (NASDAQ:OMSE) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 27,275 shares, a growth of 117.0% from the May 31st total of 12,572 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 14,478 shares, the short-interest ratio is presently 1.9 days.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On OMS Energy Technologies

Several large investors have recently made changes to their positions in OMSE. Renaissance Technologies LLC purchased a new position in shares of OMS Energy Technologies during the 1st quarter worth approximately $44,000. XTX Topco Ltd purchased a new stake in OMS Energy Technologies in the fourth quarter valued at approximately $63,000. Citadel Advisors LLC acquired a new position in OMS Energy Technologies during the third quarter worth $80,000. Susquehanna International Group LLP acquired a new position in OMS Energy Technologies during the third quarter worth $97,000. Finally, Marex Group plc purchased a new position in shares of OMS Energy Technologies during the fourth quarter worth $127,000.

OMS Energy Technologies Price Performance

NASDAQ OMSE opened at $3.95 on Tuesday. The firm’s 50-day moving average is $4.51 and its two-hundred day moving average is $4.53. OMS Energy Technologies has a 12 month low of $3.27 and a 12 month high of $7.89.

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.