OMS Energy Technologies Inc. (NASDAQ:OMSE) Short Interest Down 51.2% in December

OMS Energy Technologies Inc. (NASDAQ:OMSE) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 9,567 shares, a drop of 51.2% from the December 15th total of 19,585 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 25,674 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 25,674 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are sold short.

OMS Energy Technologies Stock Up 0.4%

OMSE stock traded up $0.02 during midday trading on Thursday, hitting $5.02. The stock had a trading volume of 5,387 shares, compared to its average volume of 15,119. OMS Energy Technologies has a 52 week low of $3.27 and a 52 week high of $9.86. The stock has a 50-day simple moving average of $4.69 and a 200 day simple moving average of $5.45.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of OMS Energy Technologies in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $10.00.

Institutional Trading of OMS Energy Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sanders Morris Harris LLC acquired a new stake in OMS Energy Technologies during the 3rd quarter valued at $73,000. Americana Partners LLC acquired a new position in OMS Energy Technologies in the second quarter worth $75,000. Citadel Advisors LLC bought a new stake in shares of OMS Energy Technologies during the third quarter worth $80,000. Susquehanna International Group LLP acquired a new stake in shares of OMS Energy Technologies in the third quarter valued at $97,000. Finally, Geode Capital Management LLC acquired a new stake in shares of OMS Energy Technologies in the second quarter valued at $148,000.

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.