OMS Energy Technologies Inc. (NASDAQ:OMSE) Stock Short Interest Drops 66.3%

Key Points

• Short interest fell 66.3% to 13,763 shares as of September 15, representing approximately 0.0% of OMS Energy Technologies’ outstanding shares and just 0.3 days of average trading volume.
• OMSE shares traded at $4.36, near their 50-day and 200-day moving averages of $4.44 and $4.45, respectively; the stock’s 52-week range is $3.27 to $7.10.
• Analyst sentiment remains cautious, with one Hold and one Sell rating producing an overall “Reduce” consensus. Ramsey Quantitative Systems also initiated a position of 36,978 shares, valued at roughly $143,000.

OMS Energy Technologies Inc. (NASDAQ:OMSE - Get Free Report) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 13,763 shares, a decrease of 66.3% from the August 31st total of 40,808 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 43,390 shares, the short-interest ratio is currently 0.3 days.

OMS Energy Technologies Stock Performance

OMSE stock traded up $0.15 during midday trading on Friday, hitting $4.36. 10,004 shares of the stock were exchanged, compared to its average volume of 31,083. The stock's 50-day moving average price is $4.44 and its 200-day moving average price is $4.45. OMS Energy Technologies has a fifty-two week low of $3.27 and a fifty-two week high of $7.10.

Analyst Upgrades and Downgrades

OMSE has been the topic of a number of analyst reports. Zacks Research upgraded OMS Energy Technologies to a "hold" rating in a research note on Tuesday, August 4th. Weiss Ratings reiterated a "sell (d)" rating on shares of OMS Energy Technologies in a research report on Thursday, August 27th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, OMS Energy Technologies has an average rating of "Reduce".

Institutional Inflows and Outflows

A hedge fund recently bought a new position in OMS Energy Technologies stock. Ramsey Quantitative Systems acquired a new stake in OMS Energy Technologies Inc. (NASDAQ:OMSE - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 36,978 shares of the company's stock, valued at approximately $143,000. Ramsey Quantitative Systems owned about 0.09% of OMS Energy Technologies at the end of the most recent quarter.

About OMS Energy Technologies

OMS Energy Technologies Inc is an energy equipment company that manufactures and supplies oil country tubular goods (OCTG) and related products for the oil and gas industry. Its offerings include casing and tubing used in drilling and well-completion operations, along with threaded connections, couplings and other tubular accessories.

The company's products are designed to support onshore and offshore exploration, production and well-construction activities. OMS Energy Technologies serves oilfield service companies, distributors and other participants in the energy supply chain, with operations and customers spanning international markets.

OMS Energy Technologies is associated with the OMS Group, an established manufacturer of tubular products.

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