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

Key Points

• Omron Corp. experienced a noteworthy 50.2% decrease in short interest in August, bringing the total to 21,000 shares as of August 31st, which equates to 0.0% of its shares sold short.
• Institutional investors increased stakes in Omron, with GAMMA Investing LLC raising its position by 180.8% during Q2, owning 1,488 shares valued at $40,000.
• For Q2, Omron reported earnings of $0.24 EPS, surpassing analysts' estimates, but revenue of $1.29 billion fell short of the $1.31 billion expectation.

Omron Corp. (OTCMKTS:OMRNY - Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 21,000 shares, a decrease of 50.2% from the August 15th total of 42,200 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 98,600 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 98,600 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company's stock are short sold.

Omron Stock Down 1.8%

OTCMKTS OMRNY traded down $0.50 during mid-day trading on Friday, reaching $27.02. The stock had a trading volume of 27,761 shares, compared to its average volume of 53,611. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.34 and a quick ratio of 1.54. The stock has a market cap of $5.57 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 0.39 and a beta of 1.04. Omron has a 1 year low of $24.16 and a 1 year high of $47.75. The company has a fifty day moving average price of $26.24 and a 200 day moving average price of $27.37.

Omron (OTCMKTS:OMRNY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. Omron had a net margin of 4.04% and a return on equity of 3.46%. On average, research analysts expect that Omron will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On Omron

An institutional investor recently raised its position in Omron stock. GAMMA Investing LLC boosted its holdings in shares of Omron Corp. (OTCMKTS:OMRNY - Free Report) by 831.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,946 shares of the company's stock after buying an additional 13,342 shares during the quarter. GAMMA Investing LLC's holdings in Omron were worth $421,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.