Short Interest in Omron Corp. (OTCMKTS:OMRNY) Decreases By 78.6%

Omron Corp. (OTCMKTS:OMRNY) was the target of a significant drop in short interest in 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. Based on an average daily volume of 140,946 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of analysts have recently commented on OMRNY shares. Zacks Research cut Omron from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 11th. Jefferies Financial Group cut Omron from a “buy” rating to a “hold” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Institutional Investors Weigh In On Omron

A hedge fund recently raised its position in Omron stock. GAMMA Investing LLC increased its position in Omron Corp. (OTCMKTS:OMRNY) by 50.7% in 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. 1.09% of the stock is currently owned by institutional investors and hedge funds.

Omron Stock Down 0.9%

OMRNY stock traded down $0.33 during trading on Friday, hitting $34.80. 173,800 shares of the stock traded hands, compared to its average volume of 88,743. Omron has a 1 year low of $23.23 and a 1 year high of $40.76. The firm’s 50 day moving average is $35.47 and its two-hundred day moving average is $30.65. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 36.63, a price-to-earnings-growth ratio of 0.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 1.41.

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.