Omron Corp. (OTCMKTS:OMRNY) Sees Large Drop in Short Interest

Omron Corp. (OTCMKTS:OMRNYGet Free Report) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 9,388 shares, a decrease of 33.1% from the July 30th total of 14,027 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 55,177 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Several research firms have recently issued reports on OMRNY. Jefferies Financial Group lowered Omron from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Zacks Research upgraded shares of Omron from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Check Out Our Latest Research Report on Omron

Omron Price Performance

OMRNY stock opened at $41.41 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 1.83 and a debt-to-equity ratio of 0.08. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 39.44, a PEG ratio of 0.80 and a beta of 1.14. The company’s fifty day simple moving average is $37.35 and its 200 day simple moving average is $34.47. Omron has a 12-month low of $23.23 and a 12-month high of $45.24.

About Omron

(Get Free Report)

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.

Further Reading

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