OMRON Co. (OTCMKTS:OMRNY) Sees Large Drop in Short Interest

OMRON Co. (OTCMKTS:OMRNY - Get Free Report) was the target of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 18,700 shares, a drop of 38.1% from the May 15th total of 30,200 shares. Based on an average daily volume of 97,200 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company's stock are short sold.

OMRON Stock Performance

Shares of OMRNY stock traded down $0.49 during trading on Monday, hitting $26.43. The company's stock had a trading volume of 37,601 shares, compared to its average volume of 55,891. The business has a fifty day moving average of $27.87 and a 200-day moving average of $30.06. The company has a current ratio of 2.20, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11. The company has a market cap of $5.45 billion, a PE ratio of 97.89 and a beta of 1.04. OMRON has a 52 week low of $25.08 and a 52 week high of $47.75.

OMRON (OTCMKTS:OMRNY - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.11). OMRON had a return on equity of 0.81% and a net margin of 0.98%. The company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.48 billion. As a group, research analysts anticipate that OMRON will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On OMRON

A hedge fund recently raised its stake in OMRON stock. GAMMA Investing LLC boosted its holdings in shares of OMRON Co. (OTCMKTS:OMRNY - Free Report) by 831.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,946 shares of the company's stock after buying an additional 13,342 shares during the period. GAMMA Investing LLC's holdings in OMRON were worth $421,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 1.09% of the company's stock.

OMRON Company Profile

OMRON Corporation engages in industrial automation, device and module solutions, social systems, and healthcare businesses worldwide. The Industrial Automation Business offers sensors, switches, safety and control components, relays, motion and drives, robotics, energy conservation, power supplies, and automation system products.

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