Omron Corp. (OTCMKTS:OMRNY) Short Interest Update

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

Wall Street Analyst Weigh In

Several analysts have issued reports on OMRNY shares. Jefferies Financial Group cut shares of Omron from a “buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Zacks Research downgraded shares of Omron from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Omron presently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

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

Omron Price Performance

OMRNY stock traded down $0.33 during mid-day trading on Friday, hitting $34.80. 173,800 shares of the stock were exchanged, compared to its average volume of 88,743. The business has a fifty day moving average price of $35.47 and a 200 day moving average price of $30.65. Omron has a 12 month low of $23.23 and a 12 month high of $40.76. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 1.41. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 36.63, a PEG ratio of 0.43 and a beta of 1.15.

Omron Company Profile

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.