SMC Co. (OTCMKTS:SMCAY) Sees Large Drop in Short Interest

by · The Cerbat Gem

SMC Co. (OTCMKTS:SMCAY – Get Free Report) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 42,600 shares, a drop of 67.8% from the September 15th total of 132,200 shares. Based on an average daily volume of 355,600 shares, the days-to-cover ratio is currently 0.1 days.

SMC Trading Up 0.4 %

Shares of SMCAY stock traded up $0.09 during trading hours on Thursday, reaching $22.35. The company’s stock had a trading volume of 145,195 shares, compared to its average volume of 131,094. SMC has a one year low of $19.70 and a one year high of $31.42. The stock has a market capitalization of $29.21 billion, a P/E ratio of 23.43, a P/E/G ratio of 4.10 and a beta of 0.81. The firm’s fifty day simple moving average is $22.11 and its 200 day simple moving average is $24.49.

SMC (OTCMKTS:SMCAY – Get Free Report) last released its quarterly earnings results on Friday, August 9th. The company reported $0.24 earnings per share for the quarter. The business had revenue of $1.30 billion for the quarter. SMC had a net margin of 22.38% and a return on equity of 9.18%. As a group, equities research analysts forecast that SMC will post 1.06 earnings per share for the current fiscal year.

About SMC

(Get Free Report)

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.

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