OMS Energy Technologies Inc. (NASDAQ:OMSE) Sees Significant Decline in Short Interest
by Amy Steele · The Cerbat GemOMS Energy Technologies Inc. (NASDAQ:OMSE – Get Free Report) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 5,327 shares, a decrease of 29.0% from the March 15th total of 7,498 shares. Based on an average daily volume of 22,027 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.
OMS Energy Technologies Stock Performance
NASDAQ:OMSE traded up $0.03 during mid-day trading on Thursday, hitting $4.48. The company’s stock had a trading volume of 2,159 shares, compared to its average volume of 16,847. OMS Energy Technologies has a fifty-two week low of $3.27 and a fifty-two week high of $9.86. The stock has a fifty day moving average of $4.51 and a 200-day moving average of $4.61.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new position in OMS Energy Technologies in the fourth quarter worth about $63,000. Sanders Morris Harris LLC bought a new stake in OMS Energy Technologies during the third quarter worth about $73,000. Citadel Advisors LLC bought a new stake in OMS Energy Technologies during the third quarter worth about $80,000. Susquehanna International Group LLP bought a new stake in OMS Energy Technologies during the third quarter worth about $97,000. Finally, Marex Group plc bought a new stake in OMS Energy Technologies during the fourth quarter worth about $127,000.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (e)” rating on shares of OMS Energy Technologies in a research report on Monday, December 29th. 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 an average rating of “Hold” and an average price target of $10.00.
Get Our Latest Stock Analysis on OMS Energy Technologies
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.