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

Omron Corp. (OTCMKTS:OMRNY) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 14,864 shares, an increase of 65.4% from the November 30th total of 8,986 shares. Based on an average trading volume of 76,052 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 76,052 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC increased 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. The institutional investor owned 1,488 shares of the company’s stock after acquiring an additional 958 shares during the period. GAMMA Investing LLC’s holdings in Omron were worth $40,000 as of its most recent filing with the Securities and Exchange Commission. 1.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Omron from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Omron has an average rating of “Sell”.

Omron Stock Up 0.6%

Shares of OMRNY stock traded up $0.15 on Tuesday, reaching $25.56. 5,453 shares of the company’s stock traded hands, compared to its average volume of 47,870. The company has a market capitalization of $5.27 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 0.40 and a beta of 0.97. Omron has a 12-month low of $23.23 and a 12-month high of $34.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.40 and a current ratio of 2.14. The business’s 50 day moving average price is $26.16 and its two-hundred day moving average price is $26.50.

Omron (OTCMKTS:OMRNY) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.19). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.34 billion. Omron had a return on equity of 3.01% and a net margin of 3.47%. On average, equities analysts forecast that Omron will post 0.42 earnings per share for the current year.

About Omron

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.