Omron Corp. (OTCMKTS:OMRNY) Short Interest Update

Omron Corp. (OTCMKTS:OMRNY) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 16,328 shares, a drop of 49.5% from the June 30th total of 32,332 shares. Based on an average daily trading volume, of 23,979 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the shares of the stock are short sold.

Omron Price Performance

Shares of Omron stock traded up $1.38 on Thursday, hitting $32.77. 20,405 shares of the company traded hands, compared to its average volume of 54,987. Omron has a 12-month low of $23.23 and a 12-month high of $40.76. The company has a current ratio of 1.83, a quick ratio of 1.41 and a debt-to-equity ratio of 0.08. The company has a market cap of $6.44 billion, a P/E ratio of 34.50, a P/E/G ratio of 0.39 and a beta of 1.14. The firm’s 50-day simple moving average is $35.28 and its 200 day simple moving average is $32.15.

Institutional Investors Weigh In On Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC lifted its position in Omron Corp. (OTCMKTS:OMRNY) by 50.7% in the fourth quarter, according to its most recent filing with the Securities and 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 quarter. Institutional investors own 1.09% of the company’s stock.

Wall Street Analysts Forecast Growth

OMRNY has been the topic of a number of research analyst reports. Zacks Research lowered Omron from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 11th. Jefferies Financial Group downgraded Omron from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

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.