OMRON Co. (OTCMKTS:OMRNY) Sees Significant Decrease in Short Interest

OMRON Co. (OTCMKTS:OMRNY) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 11,300 shares, a drop of 64.5% from the October 15th total of 31,800 shares. Based on an average trading volume of 29,000 shares, the short-interest ratio is currently 0.4 days.

OMRON Price Performance

OTCMKTS OMRNY traded down $0.80 during mid-day trading on Wednesday, reaching $34.74. 36,185 shares of the stock were exchanged, compared to its average volume of 16,419. OMRON has a one year low of $31.00 and a one year high of $47.89. The stock has a 50 day simple moving average of $41.97 and a 200-day simple moving average of $38.02. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.29 and a quick ratio of 1.52.

OMRON (OTCMKTS:OMRNY) last announced its earnings results on Wednesday, November 6th. The company reported $0.22 earnings per share for the quarter. OMRON had a negative net margin of 0.11% and a negative return on equity of 0.09%. The business had revenue of $1.28 billion during the quarter. On average, analysts anticipate that OMRON will post 0.41 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 raised its stake in OMRON Co. (OTCMKTS:OMRNY) by 329.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,542 shares of the company’s stock after purchasing an additional 1,183 shares during the period. GAMMA Investing LLC’s holdings in OMRON were worth $54,000 as of its most recent SEC filing. 1.09% of the stock is owned by institutional investors.

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.