OMS Energy Technologies Inc. (NASDAQ:OMSE) Short Interest Up 117.0% in June

OMS Energy Technologies Inc. (NASDAQ:OMSE) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 27,275 shares, a growth of 117.0% from the May 31st total of 12,572 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 14,478 shares, the short-interest ratio is currently 1.9 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised OMS Energy Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.00.

Hedge Funds Weigh In On OMS Energy Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMSE. Renaissance Technologies LLC purchased a new position in OMS Energy Technologies during the 1st quarter worth approximately $44,000. XTX Topco Ltd acquired a new stake in shares of OMS Energy Technologies in the fourth quarter worth $63,000. Marex Group plc acquired a new position in OMS Energy Technologies during the fourth quarter valued at $127,000. Susquehanna International Group LLP purchased a new stake in OMS Energy Technologies in the 3rd quarter worth about $97,000. Finally, Millennium Management LLC acquired a new stake in OMS Energy Technologies during the 3rd quarter worth about $474,000.

OMS Energy Technologies Trading Up 1.0%

Shares of OMSE opened at $3.90 on Thursday. The company has a 50-day moving average of $4.49 and a two-hundred day moving average of $4.52. OMS Energy Technologies has a one year low of $3.27 and a one year high of $7.89.

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.