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

SMC Co. (OTCMKTS:SMCAY) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 132,200 shares, an increase of 577.9% from the August 31st total of 19,500 shares. Based on an average daily volume of 769,800 shares, the days-to-cover ratio is presently 0.2 days.

SMC Stock Performance

Shares of OTCMKTS SMCAY traded up $0.67 during trading hours on Friday, reaching $22.67. The stock had a trading volume of 186,180 shares, compared to its average volume of 275,756. The business’s fifty day moving average is $22.37 and its two-hundred day moving average is $24.95. SMC has a twelve month low of $19.70 and a twelve month high of $31.42.

SMC (OTCMKTS:SMCAY) last issued its quarterly earnings results on Friday, August 9th. The company reported $0.24 earnings per share for the quarter. SMC had a net margin of 22.38% and a return on equity of 9.18%. The business had revenue of $1.30 billion during the quarter. Sell-side analysts expect that SMC will post 1.06 EPS for the current year.

SMC Company Profile

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.