Omron Corp. (OTCMKTS:OMRNY) Short Interest Update

Omron Corp. (OTCMKTS:OMRNY) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 43,288 shares, an increase of 188.8% from the May 14th total of 14,989 shares. Based on an average trading volume of 74,674 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC lifted its position in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,129 shares of the company’s stock after purchasing 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 reporting period. 1.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Omron from a “hold” rating to a “strong sell” rating in a research note on Thursday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Omron Trading Down 3.5%

OMRNY stock traded down $1.27 during midday trading on Friday, reaching $34.52. The company’s stock had a trading volume of 31,583 shares, compared to its average volume of 54,904. Omron has a 52 week low of $23.23 and a 52 week high of $40.76. The stock has a market cap of $6.79 billion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 0.44 and a beta of 1.15. The company has a quick ratio of 1.37, a current ratio of 2.11 and a debt-to-equity ratio of 0.13. The business’s 50-day simple moving average is $34.18 and its 200-day simple moving average is $29.93.

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.