Omron Corp. (OTCMKTS:OMRNY – Get Free Report) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 16,328 shares, a decline of 49.5% from the June 30th total of 32,332 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 23,979 shares, the short-interest ratio is presently 0.7 days.
Analysts Set New Price Targets
Several research firms have recently issued reports on OMRNY. Jefferies Financial Group lowered Omron from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Zacks Research cut shares of Omron from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.
View Our Latest Analysis on OMRNY
Omron Stock Down 0.3%
Hedge Funds Weigh In On Omron
A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC raised its position in Omron Corp. (OTCMKTS:OMRNY – Free Report) by 50.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,129 shares of the company’s stock after acquiring an additional 716 shares during the period. GAMMA Investing LLC’s holdings in Omron were worth $54,000 as of its most recent filing with the SEC. 1.09% of the stock is owned by institutional investors and hedge funds.
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.
See Also
- Five stocks we like better than Omron
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
- Meta’s AI Spending Problem Just Found a BlackRock Solution
- Broadcom’s $200 Billion Samsung Deal Shows How Costly the AI Memory Race Has Become
- 3 Refiners Benefiting From Oil Volatility and Tight Fuel Supply
Receive News & Ratings for Omron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omron and related companies with MarketBeat.com's FREE daily email newsletter.
