OMS Energy Technologies Inc. (NASDAQ:OMSE) Sees Significant Growth in Short Interest

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 shares of the stock are short sold. Based on an average daily volume of 29,575 shares, the short-interest ratio is currently 1.4 days.

Analyst Upgrades and Downgrades

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

OMS Energy Technologies Price Performance

OMSE stock traded up $0.09 during trading on Thursday, reaching $4.45. 13,134 shares of the stock were exchanged, compared to its average volume of 18,410. The business has a 50 day moving average price of $4.45 and a 200-day moving average price of $4.47. 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 bought a new position in shares of OMS Energy Technologies Inc. (NASDAQ:OMSE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 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.