SMC Co. (OTCMKTS:SMCAY) Sees Significant Decrease in Short Interest

SMC Co. (OTCMKTS:SMCAY) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 9,700 shares, a decline of 78.0% from the March 31st total of 44,000 shares. Based on an average trading volume of 148,700 shares, the days-to-cover ratio is currently 0.1 days.

SMC Trading Down 0.9 %

OTCMKTS SMCAY traded down $0.22 during trading on Friday, hitting $25.09. 670,958 shares of the company’s stock were exchanged, compared to its average volume of 73,059. The company has a market cap of $33.08 billion, a PE ratio of 24.57 and a beta of 0.95. The stock’s 50 day moving average price is $28.41 and its two-hundred day moving average price is $26.75. SMC has a fifty-two week low of $22.05 and a fifty-two week high of $31.42.

SMC (OTCMKTS:SMCAY) last posted its earnings results on Tuesday, February 13th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $1.28 billion for the quarter. SMC had a return on equity of 10.50% and a net margin of 24.19%. Analysts forecast that SMC will post 0.97 earnings per share for the current fiscal year.

About SMC

SMC Corporation manufactures, processes, and sells automatic control equipment, sintered filters, and various types of filtration equipment worldwide. The company offers air management system, directional control valves, air cylinders, rotatory actuators/air grippers, electric actuators/cylinders, fitting and tubing, and modular F.R.L./pressure control equipment, as well as vacuum, air preparation, and lubrication equipment.