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

SMC Co. (OTCMKTS:SMCAY) was the target 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 days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

SMC Stock Up 1.5 %

SMCAY traded up $0.28 during trading on Friday, reaching $19.43. 479,040 shares of the company were exchanged, compared to its average volume of 627,616. The company’s 50-day moving average is $18.78 and its two-hundred day moving average is $20.20. SMC has a 12-month low of $17.18 and a 12-month high of $29.49. The company has a market cap of $25.39 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 16.73 and a beta of 0.80.

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