OMS Energy Technologies Inc. (NASDAQ:OMSE) Shares Shorted: Short Interest Down 66.3% in September

OMS Energy Technologies Inc. (NASDAQ:OMSE) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 13,763 shares, a decrease of 66.3% from the August 31st total of 40,808 shares. Based on an average daily volume of 43,390 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on OMSE. Zacks Research raised shares of OMS Energy Technologies to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings reissued a “sell (d)” rating on shares of OMS Energy Technologies in a research 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

OMS Energy Technologies Stock Performance

Shares of OMSE traded up $0.15 on Friday, hitting $4.36. 10,004 shares of the stock traded hands, compared to its average volume of 31,083. The stock’s 50 day moving average is $4.44 and its two-hundred day moving average is $4.45. OMS Energy Technologies has a 1 year low of $3.27 and a 1 year high of $7.10.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in OMS Energy Technologies stock. Ramsey Quantitative Systems acquired a new position in shares of OMS Energy Technologies Inc. (NASDAQ:OMSE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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 SEC filing.

OMS Energy Technologies Company Profile

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.