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

Omron Corp. (OTCMKTS:OMRNY) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 9,388 shares, a decrease of 33.1% from the July 30th total of 14,027 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 55,177 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

Several brokerages have recently weighed in on OMRNY. Jefferies Financial Group cut shares of Omron from a “buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Zacks Research upgraded Omron from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Omron Price Performance

Shares of OTCMKTS OMRNY opened at $41.41 on Tuesday. The firm has a market cap of $8.14 billion, a P/E ratio of 39.44, a price-to-earnings-growth ratio of 0.80 and a beta of 1.14. The business’s 50 day moving average is $37.35 and its 200-day moving average is $34.47. The company has a current ratio of 1.83, a quick ratio of 1.41 and a debt-to-equity ratio of 0.08. Omron has a 1-year low of $23.23 and a 1-year high of $45.24.

About Omron

Omron Corporation (OTCMKTS: OMRNY) is a global leader in automation, sensing, and control technologies. The company designs, manufactures, and sells a wide range of products and solutions for industrial, healthcare and social systems applications. Its core business segments include industrial automation—featuring programmable logic controllers, sensors, relays, servo motors and temperature controllers—and healthcare products such as blood pressure monitors, digital thermometers and nebulizers.

Founded in 1933 by Kazuma Tateishi in Kyoto, Japan, Omron began with the development of the first Japanese automatic timer.