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 in 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. Based on an average daily trading volume, of 25,674 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 25,674 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On OMS Energy Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sanders Morris Harris LLC purchased a new stake in OMS Energy Technologies in the 3rd quarter valued at approximately $73,000. Americana Partners LLC acquired a new position in shares of OMS Energy Technologies in the second quarter worth $75,000. Citadel Advisors LLC purchased a new stake in shares of OMS Energy Technologies in the third quarter valued at $80,000. Susquehanna International Group LLP purchased 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 during the second quarter valued at $148,000.

Wall Street Analysts Forecast Growth

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

OMS Energy Technologies Stock Performance

NASDAQ:OMSE traded up $0.18 during mid-day trading on Wednesday, hitting $5.00. 33,289 shares of the company’s stock traded hands, compared to its average volume of 16,210. The firm’s 50 day simple moving average is $4.70 and its 200 day simple moving average is $5.45. OMS Energy Technologies has a 1 year low of $3.27 and a 1 year high of $9.86.

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.