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

by · The Cerbat Gem

SMC Co. (OTCMKTS:SMCAY – Get Free Report) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 85,400 shares, a decrease of 89.2% from the March 31st total of 788,500 shares. Based on an average daily volume of 1,675,900 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

SMC Stock Up 3.9 %

SMC stock opened at $16.41 on Monday. SMC has a 52-week low of $14.30 and a 52-week high of $28.13. The company has a market cap of $21.44 billion, a P/E ratio of 20.01, a P/E/G ratio of 16.73 and a beta of 0.96. The business has a 50-day simple moving average of $17.69 and a two-hundred day simple moving average of $19.33.

SMC (OTCMKTS:SMCAY – Get Free Report) last released its earnings results on Friday, February 14th. The company reported $0.22 earnings per share for the quarter. SMC had a return on equity of 8.31% and a net margin of 20.52%. The company had revenue of $1.28 billion for the quarter. Research analysts anticipate that SMC will post 0.79 EPS 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.

Further Reading