OMS Energy Technologies Inc. (NASDAQ:OMSE) Short Interest Update

OMS Energy Technologies Inc. (NASDAQ:OMSE) was the target of 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. Based on an average daily volume of 14,478 shares, the short-interest ratio is currently 1.9 days. Currently, 0.1% of the company’s shares are sold short.

OMS Energy Technologies Stock Up 1.0%

NASDAQ OMSE traded up $0.04 on Wednesday, hitting $3.90. 8,173 shares of the company were exchanged, compared to its average volume of 14,946. The stock has a fifty day moving average of $4.50 and a 200-day moving average of $4.53. OMS Energy Technologies has a 12 month low of $3.27 and a 12 month high of $7.89.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised OMS Energy Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.00.

Institutional Trading of OMS Energy Technologies

Several large investors have recently made changes to their positions in OMSE. Geode Capital Management LLC acquired a new position in OMS Energy Technologies during the 2nd quarter worth approximately $148,000. Two Sigma Investments LP acquired a new stake in OMS Energy Technologies in the third quarter valued at approximately $310,000. Citadel Advisors LLC bought a new stake in shares of OMS Energy Technologies during the third quarter valued at approximately $80,000. Millennium Management LLC bought a new stake in shares of OMS Energy Technologies during the third quarter valued at approximately $474,000. Finally, Susquehanna International Group LLP acquired a new position in shares of OMS Energy Technologies during the third quarter worth approximately $97,000.

About OMS Energy Technologies

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.