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

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

OMRON Trading Down 2.3 %

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

OMRON (OTCMKTS:OMRNY) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.22 earnings per share for the quarter. The company had revenue of $1.28 billion for the quarter. OMRON had a negative net margin of 0.11% and a negative return on equity of 0.09%. Research analysts predict that OMRON will post 0.41 EPS for the current fiscal year.

Institutional Trading of OMRON

A hedge fund recently raised its stake in OMRON stock. GAMMA Investing LLC increased its position in shares of OMRON Co. (OTCMKTS:OMRNY) by 329.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,542 shares of the company’s stock after acquiring an additional 1,183 shares during the period. GAMMA Investing LLC’s holdings in OMRON were worth $54,000 as of its most recent filing with the Securities and Exchange Commission. 1.09% of the stock is owned by institutional investors and hedge funds.

About OMRON

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.