OMS Energy Technologies Inc. (NASDAQ:OMSE) Short Interest Down 54.1% in April

OMS Energy Technologies Inc. (NASDAQ:OMSE) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 2,962 shares, a drop of 54.1% from the April 15th total of 6,459 shares. Based on an average daily trading volume, of 7,578 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Millennium Management LLC purchased a new position in shares of OMS Energy Technologies during the 3rd quarter worth approximately $474,000. Two Sigma Investments LP purchased a new stake in OMS Energy Technologies in the 3rd quarter worth approximately $310,000. Marex Group plc purchased a new stake in OMS Energy Technologies in the 4th quarter worth approximately $127,000. Susquehanna International Group LLP purchased a new stake in OMS Energy Technologies in the 3rd quarter worth approximately $97,000. Finally, Geode Capital Management LLC purchased a new stake in OMS Energy Technologies in the 2nd quarter worth approximately $148,000.

OMS Energy Technologies Trading Up 2.9%

Shares of OMSE traded up $0.13 during mid-day trading on Friday, reaching $4.57. 5,713 shares of the company’s stock were exchanged, compared to its average volume of 9,538. The company has a 50-day simple moving average of $4.56 and a two-hundred day simple moving average of $4.69. OMS Energy Technologies has a 52-week low of $3.27 and a 52-week high of $9.86.

Analysts Set New Price Targets

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

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.