Short Interest in SMC Co. (OTCMKTS:SMCAY) Increases By 104.8%

SMC Co. (OTCMKTS:SMCAY) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 145,600 shares, an increase of 104.8% from the February 28th total of 71,100 shares. Based on an average daily volume of 1,046,800 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

SMC Trading Up 1.5 %

Shares of SMCAY traded up $0.28 during midday trading on Friday, reaching $19.43. The stock had a trading volume of 479,040 shares, compared to its average volume of 627,616. The company has a market capitalization of $25.39 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 16.73 and a beta of 0.80. The company’s 50-day moving average is $18.78 and its 200 day moving average is $20.20. SMC has a 12-month low of $17.18 and a 12-month high of $29.49.

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