Smc Corporation (OTCMKTS:SMCAY) Sees Significant Decrease in Short Interest

Smc Corporation (OTCMKTS:SMCAY) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 108,168 shares, a decline of 66.6% from the May 31st total of 324,038 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 478,263 shares, the short-interest ratio is currently 0.2 days.

SMC Stock Performance

Shares of OTCMKTS SMCAY traded up $0.03 during trading on Friday, hitting $22.32. 103,432 shares of the company traded hands, compared to its average volume of 215,872. The firm has a market capitalization of $28.51 billion, a price-to-earnings ratio of 25.36, a P/E/G ratio of 2.29 and a beta of 1.10. The business’s fifty day moving average is $22.22 and its 200 day moving average is $20.97. SMC has a fifty-two week low of $14.31 and a fifty-two week high of $27.77.

SMC (OTCMKTS:SMCAY) last issued its earnings results on Thursday, May 14th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. SMC had a return on equity of 8.15% and a net margin of 19.84%. On average, analysts predict that SMC will post 0.93 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on SMCAY. Zacks Research upgraded SMC from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Jefferies Financial Group raised SMC from a “buy” rating to a “buy” rating in a research note on Tuesday, June 16th. Finally, The Goldman Sachs Group cut SMC from a “strong-buy” rating to a “neutral” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

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. It also provides flow control equipment, speed controllers, silencers/exhaust/blow guns/pressure gauges, switches/sensors/controllers, static neutralization equipment, and industrial device communication equipment/wireless system.