Omron Corp. (OTCMKTS:OMRNY) Short Interest Update

Omron Corp. (OTCMKTS:OMRNY) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 9,250 shares, a drop of 78.6% from the May 31st total of 43,288 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 140,946 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

OMRNY has been the subject of several analyst reports. Zacks Research lowered shares of Omron from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 11th. Jefferies Financial Group downgraded Omron from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. 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, Omron currently has an average rating of “Reduce”.

Institutional Investors Weigh In On Omron

An institutional investor recently raised its stake in Omron stock. GAMMA Investing LLC boosted its position in Omron Corp. (OTCMKTS:OMRNY) by 50.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,129 shares of the company’s stock after acquiring an additional 716 shares during the period. GAMMA Investing LLC’s holdings in Omron were worth $54,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.09% of the company’s stock.

Omron Trading Down 0.9%

Shares of OTCMKTS:OMRNY traded down $0.33 during trading on Friday, reaching $34.80. 173,800 shares of the company traded hands, compared to its average volume of 88,743. The company has a current ratio of 1.83, a quick ratio of 1.41 and a debt-to-equity ratio of 0.08. Omron has a 52-week low of $23.23 and a 52-week high of $40.76. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 36.63, a P/E/G ratio of 0.43 and a beta of 1.15. The business’s fifty day moving average is $35.47 and its 200-day moving average is $30.65.

About Omron

Omron Corporation (OTCMKTS: OMRNY) is a global leader in automation, sensing, and control technologies. The company designs, manufactures, and sells a wide range of products and solutions for industrial, healthcare and social systems applications. Its core business segments include industrial automation—featuring programmable logic controllers, sensors, relays, servo motors and temperature controllers—and healthcare products such as blood pressure monitors, digital thermometers and nebulizers.

Founded in 1933 by Kazuma Tateishi in Kyoto, Japan, Omron began with the development of the first Japanese automatic timer.