Omron Corp. (OTCMKTS:OMRNY) Sees Significant Growth in Short Interest

Key Points

• Omron Corp. saw a significant increase in short interest in July, rising by 139.5% to a total of 37,600 shares, which represents approximately 0.0% of the company's shares.
• GAMMA Investing LLC increased its stake in Omron by 180.8% during the 2nd quarter, now holding 1,488 shares valued at $40,000.
• In its latest earnings report, Omron beat analysts' expectations with an EPS of $0.24 despite revenue slightly below forecasts at $1.29 billion.

Omron Corp. (OTCMKTS:OMRNY - Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 37,600 shares, anincreaseof139.5% from the July 15th total of 15,700 shares. Approximately0.0% of the company's shares are sold short. Based on an average trading volume of 95,600 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 95,600 shares, the days-to-cover ratio is currently 0.4 days. Approximately0.0% of the company's shares are sold short.

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 - Free Report) by 180.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,488 shares of the company's stock after buying an additional 958 shares during the quarter. GAMMA Investing LLC's holdings in Omron were worth $40,000 at the end of the most recent quarter. 1.09% of the stock is currently owned by institutional investors and hedge funds.

Omron Trading Down 0.1%

OTCMKTS:OMRNY traded down $0.04 on Friday, reaching $26.23. 33,502 shares of the stock traded hands, compared to its average volume of 55,187. The company has a current ratio of 2.31, a quick ratio of 1.57 and a debt-to-equity ratio of 0.13. Omron has a 1-year low of $24.16 and a 1-year high of $47.75. The company's 50 day moving average is $26.22 and its 200-day moving average is $28.13. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 23.63 and a beta of 1.03.

Omron (OTCMKTS:OMRNY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.31 billion. Omron had a net margin of 4.04% and a return on equity of 3.49%. Equities research analysts anticipate that Omron will post 0.42 EPS for the current fiscal year.

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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