OMS Energy Technologies Inc. (NASDAQ:OMSE) Short Interest Down 21.4% in December

OMS Energy Technologies Inc. (NASDAQ:OMSE) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 19,585 shares, a decrease of 21.4% from the November 30th total of 24,917 shares. Based on an average daily trading volume, of 28,899 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 28,899 shares, the days-to-cover ratio is currently 0.7 days.

OMS Energy Technologies Stock Down 2.3%

OMS Energy Technologies stock traded down $0.10 during trading hours on Tuesday, hitting $4.30. The company had a trading volume of 31,584 shares, compared to its average volume of 95,011. OMS Energy Technologies has a fifty-two week low of $3.27 and a fifty-two week high of $9.86. The firm’s fifty day moving average is $4.92 and its 200-day moving average is $5.66.

Institutional Trading of OMS Energy Technologies

A number of institutional investors have recently bought and sold shares of the company. Sanders Morris Harris LLC acquired a new position in OMS Energy Technologies in the 3rd quarter worth about $73,000. Americana Partners LLC bought a new stake in shares of OMS Energy Technologies in the 2nd quarter valued at approximately $75,000. Citadel Advisors LLC acquired a new position in OMS Energy Technologies in the third quarter worth approximately $80,000. Susquehanna International Group LLP bought a new position in OMS Energy Technologies during the third quarter valued at approximately $97,000. Finally, Geode Capital Management LLC bought a new position in OMS Energy Technologies during the second quarter valued at approximately $148,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of OMS Energy Technologies in a research note on Monday. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.