OMS Energy Technologies Inc. (NASDAQ:OMSE) Short Interest Update

OMS Energy Technologies Inc. (NASDAQ:OMSE) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 13,782 shares, an increase of 365.3% from the April 30th total of 2,962 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 10,029 shares, the short-interest ratio is currently 1.4 days.

OMS Energy Technologies Stock Up 0.4%

OMSE opened at $4.75 on Friday. OMS Energy Technologies has a 1-year low of $3.27 and a 1-year high of $9.47. The company has a fifty day moving average price of $4.60 and a two-hundred day moving average price of $4.61.

Institutional Investors Weigh In On OMS Energy Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new stake in shares of OMS Energy Technologies during the first quarter worth about $44,000. XTX Topco Ltd bought a new stake in shares of OMS Energy Technologies during the fourth quarter worth about $63,000. Citadel Advisors LLC bought a new stake in shares of OMS Energy Technologies during the third quarter worth about $80,000. Geode Capital Management LLC bought a new stake in shares of OMS Energy Technologies during the second quarter worth about $148,000. Finally, Susquehanna International Group LLP bought a new stake in shares of OMS Energy Technologies during the third quarter worth about $97,000.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of OMS Energy Technologies in a report on Friday, May 1st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, OMS Energy Technologies 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.