OMS Energy Technologies Inc. (NASDAQ:OMSE) Shares Shorted: Short Interest Down 52.4% in September

OMS Energy Technologies Inc. (NASDAQ:OMSE) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 6,548 shares, a decrease of 52.4% from the September 15th total of 13,763 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 17,059 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors 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 OMS Energy Technologies Inc. (NASDAQ:OMSE) in the 2nd quarter, according to the company in 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 as of its most recent filing with the Securities and Exchange Commission.

OMS Energy Technologies Stock Up 4.2%

Shares of NASDAQ:OMSE traded up $0.17 during midday trading on Friday, reaching $4.08. 426 shares of the company’s stock were exchanged, compared to its average volume of 18,319. The firm’s 50 day simple moving average is $4.46 and its two-hundred day simple moving average is $4.44. OMS Energy Technologies has a fifty-two week low of $3.35 and a fifty-two week high of $7.10.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OMSE. Weiss Ratings reaffirmed a “sell (d)” rating on shares of OMS Energy Technologies in a research note on Thursday, August 27th. Zacks Research upgraded shares of OMS Energy Technologies to a “hold” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

About OMS Energy Technologies

OMS Energy Technologies plc is a Singapore-based manufacturer and supplier of oil country tubular goods (OCTG), which are used in the drilling and production of oil and natural gas wells. Its product portfolio includes casing, tubing, line pipe, premium connections and related tubular products.

The company serves oil and gas operators, drilling contractors, distributors and other energy-industry customers. Its products are designed for use in onshore and offshore drilling applications and are supplied across international energy markets, including regions in Asia and the Middle East.

OMS Energy Technologies traces its business roots to 1988 and operates manufacturing and service capabilities in multiple locations, including Singapore, Indonesia and Saudi Arabia.