Omnicom Group Inc. (NYSE:OMC) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 26,540,025 shares, a growth of 13.2% from the January 12th total of 23,453,901 shares. Based on an average daily trading volume, of 2,369,099 shares, the short-interest ratio is presently 11.2 days. Approximately 11.6% of the shares of the stock are short sold.
OMC has been the topic of a number of research reports. Argus upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. TheStreet downgraded Omnicom Group from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. BMO Capital Markets restated a “hold” rating and set a $85.00 price target on shares of Omnicom Group in a research report on Wednesday, October 18th. Zacks Investment Research downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Barclays restated a “hold” rating and set a $81.00 price target on shares of Omnicom Group in a research report on Thursday, January 25th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. Omnicom Group has a consensus rating of “Hold” and a consensus price target of $83.64.
In related news, insider Peter K. Sherman sold 8,310 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $74.31, for a total value of $617,516.10. Following the sale, the insider now owns 21,271 shares in the company, valued at $1,580,648.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company’s stock.
Omnicom Group (NYSE:OMC) opened at $78.78 on Tuesday. Omnicom Group has a 12 month low of $65.32 and a 12 month high of $86.71. The stock has a market capitalization of $17,739.49, a PE ratio of 15.69, a PEG ratio of 2.51 and a beta of 1.20. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.79 and a current ratio of 0.90.
ILLEGAL ACTIVITY NOTICE: This news story was originally published by American Banking News and is the property of of American Banking News. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/13/omnicom-group-inc-omc-short-interest-up-13-2-in-january.html.
About Omnicom Group
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
Receive News & Ratings for Omnicom Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group and related companies with MarketBeat.com's FREE daily email newsletter.