Short Interest in Omron Corp. (OTCMKTS:OMRNY) Expands By 249.5%

Omron Corp. (OTCMKTS:OMRNY) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 32,332 shares, an increase of 249.5% from the June 15th total of 9,250 shares. Based on an average trading volume of 281,273 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on OMRNY shares. Zacks Research lowered shares of Omron from a “hold” rating to a “strong sell” rating in a report on Thursday, June 11th. Jefferies Financial Group lowered shares of 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On Omron

An institutional investor recently raised its position in Omron stock. GAMMA Investing LLC boosted its position in Omron Corp. (OTCMKTS:OMRNY) by 50.7% during 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. Hedge funds and other institutional investors own 1.09% of the company’s stock.

Omron Stock Performance

Shares of OMRNY stock opened at $37.34 on Monday. The company has a market capitalization of $7.34 billion, a P/E ratio of 39.31, a PEG ratio of 0.46 and a beta of 1.14. Omron has a fifty-two week low of $23.23 and a fifty-two week high of $40.76. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.41 and a current ratio of 1.83. The stock has a 50 day moving average price of $36.30 and a two-hundred day moving average price of $31.42.

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.