Short Interest in Omron Corp. (OTCMKTS:OMRNY) Expands By 184.3%

Key Points

• Short interest in Omron Corp. increased by 184.3% in September, reaching a total of 30,700 shares, with a days-to-cover ratio of 0.4 days based on average trading volumes.
• Omron's stock recently traded at $28.38, boasting a market capitalization of $5.85 billion and a P/E ratio of 25.56.
• GAMMA Investing LLC raised its holdings in Omron by 180.8% in the second quarter, indicating growing institutional interest in the company.

Omron Corp. (OTCMKTS:OMRNY - Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 30,700 shares, a growth of 184.3% from the September 15th total of 10,800 shares. Based on an average daily trading volume, of 80,200 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 80,200 shares, the days-to-cover ratio is presently 0.4 days.

Omron Price Performance

OTCMKTS OMRNY traded up $0.07 during trading on Friday, hitting $28.38. 28,027 shares of the stock traded hands, compared to its average volume of 32,135. The company has a market capitalization of $5.85 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 0.40 and a beta of 1.10. The firm has a 50-day simple moving average of $27.03 and a 200-day simple moving average of $27.08. The company has a quick ratio of 1.54, a current ratio of 2.34 and a debt-to-equity ratio of 0.13. Omron has a 12-month low of $24.16 and a 12-month high of $42.72.

Omron (OTCMKTS:OMRNY - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.31 billion. Omron had a return on equity of 3.46% and a net margin of 4.04%. As a group, analysts predict that Omron will post 0.42 EPS for the current year.

Institutional Investors Weigh In On Omron

An institutional investor recently raised its position in Omron stock. GAMMA Investing LLC increased its holdings in shares of Omron Corp. (OTCMKTS:OMRNY - Free Report) by 180.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,488 shares of the company's stock after acquiring an additional 958 shares during the period. GAMMA Investing LLC's holdings in Omron were worth $40,000 at the end of the most recent quarter. 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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