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

Omron Corp. (OTCMKTS:OMRNY) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 21,000 shares, a drop of 50.2% from the August 15th total of 42,200 shares. Based on an average daily volume of 98,600 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 98,600 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC raised its position in shares of Omron Corp. (OTCMKTS:OMRNY) by 180.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,488 shares of the company’s stock after purchasing an additional 958 shares during the period. GAMMA Investing LLC’s holdings in Omron were worth $40,000 at the end of the most recent reporting period. Institutional investors own 1.09% of the company’s stock.

Omron Stock Up 1.3%

Shares of OTCMKTS OMRNY traded up $0.35 during mid-day trading on Monday, hitting $27.14. The company had a trading volume of 702 shares, compared to its average volume of 53,768. The company has a market capitalization of $5.60 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 0.38 and a beta of 1.04. The firm has a 50-day simple moving average of $26.16 and a two-hundred day simple moving average of $27.41. The company has a current ratio of 2.34, a quick ratio of 1.54 and a debt-to-equity ratio of 0.13. Omron has a one year low of $24.16 and a one year high of $47.75.

Omron (OTCMKTS:OMRNY) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Omron had a return on equity of 3.46% and a net margin of 4.04%.The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. On average, equities analysts expect that Omron will post 0.42 EPS for the current year.

Omron Company Profile

OMRON Corporation engages in industrial automation, device and module solutions, social systems, and healthcare businesses worldwide. The Industrial Automation Business offers sensors, switches, safety and control components, relays, motion and drives, robotics, energy conservation, power supplies, and automation system products.