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Short Interest in Omnicom Group Inc. (NYSE:OMC) Rises By 77.8%
Omnicom Group Inc. (NYSE:OMC) experienced a significant 77.8% increase in short interest during February, reaching 46,725,132 shares, representing 15.2% of its outstanding stock. This rise occurred alongside the company missing quarterly earnings estimates, reporting EPS of $2.59 against an expected $2.94, despite a 27.9% year-over-year revenue increase. The board authorized a $5.0 billion share buyback and declared an $0.80 quarterly dividend, yielding approximately 4.1%.