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

Omron Corp. (OTCMKTS:OMRNY) was the recipient of a significant drop in short interest in the month of 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. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 23,979 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC increased its stake in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,129 shares of the company’s stock after acquiring 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. 1.09% of the stock is currently owned by hedge funds and other institutional investors.

Omron Stock Down 8.1%

Shares of OTCMKTS:OMRNY traded down $2.77 on Tuesday, hitting $31.27. 2,487 shares of the company’s stock were exchanged, compared to its average volume of 55,465. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.41 and a current ratio of 1.83. Omron has a 1-year low of $23.23 and a 1-year high of $40.76. The company has a market capitalization of $6.15 billion, a PE ratio of 32.92, a P/E/G ratio of 0.41 and a beta of 1.14. The firm’s 50-day moving average is $35.42 and its 200 day moving average is $32.07.

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.