OMS Energy Technologies Inc. (NASDAQ:OMSE) Short Interest Down 41.8% in August

Key Points

• Short interest fell 41.8% in August to 23,721 shares, representing about 0.1% of OMS Energy Technologies’ outstanding shares and a short-interest ratio of 0.9 days.
• Analyst sentiment remains cautious: Zacks Research upgraded the stock to “Hold,” while Weiss Ratings reiterated a “Sell” rating. MarketBeat reports an overall average rating of “Reduce.”
• OMSE shares rose 6.5% to $4.93 during Monday’s trading session, while several institutional investors—including Geode Capital, Two Sigma, Citadel, Millennium Management and Susquehanna—recently initiated positions.

OMS Energy Technologies Inc. (NASDAQ:OMSE - Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 23,721 shares, a decrease of 41.8% from the July 30th total of 40,780 shares. Based on an average daily volume of 25,257 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OMSE. Weiss Ratings restated a "sell (d)" rating on shares of OMS Energy Technologies in a research report on Thursday. Zacks Research raised shares of OMS Energy Technologies to a "hold" rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, OMS Energy Technologies has an average rating of "Reduce".

OMS Energy Technologies Stock Up 6.5%

OMSE traded up $0.30 during trading on Monday, reaching $4.93. 51,077 shares of the company's stock were exchanged, compared to its average volume of 16,900. The business has a 50 day moving average price of $4.28 and a 200 day moving average price of $4.45. OMS Energy Technologies has a fifty-two week low of $3.27 and a fifty-two week high of $7.10.

Institutional Trading of OMS Energy Technologies

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC acquired a new position in OMS Energy Technologies in the second quarter worth about $148,000. Two Sigma Investments LP acquired a new stake in OMS Energy Technologies during the third quarter valued at approximately $310,000. Citadel Advisors LLC bought a new stake in shares of OMS Energy Technologies in the 3rd quarter valued at approximately $80,000. Millennium Management LLC bought a new stake in shares of OMS Energy Technologies in the 3rd quarter valued at approximately $474,000. Finally, Susquehanna International Group LLP acquired a new position in shares of OMS Energy Technologies in the 3rd quarter worth approximately $97,000.

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.

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