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

OMRON Co. (OTCMKTS:OMRNYGet Rating) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 3,700 shares, a decline of 77.3% from the March 31st total of 16,300 shares. Based on an average daily volume of 64,000 shares, the short-interest ratio is presently 0.1 days.

A number of hedge funds have recently added to or reduced their stakes in the stock. Mitchell Capital Management Co. lifted its holdings in OMRON by 4.0% in the first quarter. Mitchell Capital Management Co. now owns 19,228 shares of the company’s stock valued at $1,293,000 after buying an additional 746 shares during the period. Fisher Asset Management LLC lifted its holdings in OMRON by 3.5% in the fourth quarter. Fisher Asset Management LLC now owns 1,753,869 shares of the company’s stock valued at $174,542,000 after buying an additional 58,552 shares during the period. Finally, Yousif Capital Management LLC acquired a new position in OMRON in the fourth quarter valued at $321,000. Institutional investors and hedge funds own 0.86% of the company’s stock.

Shares of OTCMKTS:OMRNY traded up $0.19 during mid-day trading on Friday, reaching $60.00. 24,565 shares of the company’s stock were exchanged, compared to its average volume of 30,739. The business’s fifty day moving average price is $64.61 and its 200-day moving average price is $82.49. OMRON has a twelve month low of $57.80 and a twelve month high of $107.49.

OMRON (OTCMKTS:OMRNYGet Rating) last issued its quarterly earnings results on Friday, January 28th. The company reported $0.54 EPS for the quarter. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.63 billion. Sell-side analysts forecast that OMRON will post 2.62 EPS for the current year.

Separately, Zacks Investment Research upgraded shares of OMRON from a “sell” rating to a “hold” rating in a report on Wednesday, March 23rd.

OMRON Company Profile (Get Rating)

OMRON Corporation engages in industrial automation, electronic and mechanical components, social systems, and healthcare businesses worldwide. The company's Industrial Automation Business offers sensors, switches, safety and control components, relays, automation systems, motion/drives, robotics, energy conservation support/environment measure equipment, and power supplies.

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