OMS Energy Technologies Inc. (NASDAQ:OMSE) Short Interest Up 72.0% in August

OMS Energy Technologies Inc. (NASDAQ:OMSE) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 40,808 shares, a growth of 72.0% from the August 15th total of 23,721 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 29,575 shares, the days-to-cover ratio is presently 1.4 days.

OMS Energy Technologies Trading Down 1.1%

OMS Energy Technologies stock traded down $0.05 during mid-day trading on Friday, hitting $4.40. 4,158 shares of the company’s stock were exchanged, compared to its average volume of 18,330. OMS Energy Technologies has a 1-year low of $3.27 and a 1-year high of $7.10. The stock has a 50 day moving average of $4.45 and a two-hundred day moving average of $4.47.

Analysts Set New Price Targets

Several research firms have weighed in on OMSE. Zacks Research upgraded shares of OMS Energy Technologies to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of OMS Energy Technologies in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Institutional Investors Weigh In On OMS Energy Technologies

A hedge fund recently bought a new stake in OMS Energy Technologies stock. Ramsey Quantitative Systems purchased a new stake in OMS Energy Technologies Inc. (NASDAQ:OMSE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 36,978 shares of the company’s stock, valued at approximately $143,000. Ramsey Quantitative Systems owned 0.09% of OMS Energy Technologies as of its most recent SEC filing.

About OMS Energy Technologies

OMS Energy Technologies Inc is an energy equipment company that manufactures and supplies oil country tubular goods (OCTG) and related products for the oil and gas industry. Its offerings include casing and tubing used in drilling and well-completion operations, along with threaded connections, couplings and other tubular accessories.

The company’s products are designed to support onshore and offshore exploration, production and well-construction activities. OMS Energy Technologies serves oilfield service companies, distributors and other participants in the energy supply chain, with operations and customers spanning international markets.

OMS Energy Technologies is associated with the OMS Group, an established manufacturer of tubular products.