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

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

SMC Stock Performance

SMC stock traded down $0.22 during midday trading on Friday, reaching $25.09. The stock had a trading volume of 670,958 shares, compared to its average volume of 73,059. The firm’s fifty day simple moving average is $28.41 and its 200-day simple moving average is $26.75. SMC has a 1-year low of $22.05 and a 1-year high of $31.42. The stock has a market capitalization of $33.08 billion, a P/E ratio of 24.57 and a beta of 0.95.

SMC (OTCMKTS:SMCAY) last issued its earnings results on Tuesday, February 13th. The company reported $0.22 EPS for the quarter. SMC had a return on equity of 10.50% and a net margin of 24.19%. The company had revenue of $1.28 billion during the quarter. On average, sell-side analysts anticipate 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.