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

SMC Co. (OTCMKTS:SMCAY) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 9,700 shares, a decrease of 78.0% from the March 31st total of 44,000 shares. Based on an average daily trading volume, of 148,700 shares, the short-interest ratio is currently 0.1 days.

SMC Stock Up 3.4 %

Shares of OTCMKTS SMCAY traded up $0.85 during mid-day trading on Friday, reaching $25.94. 80,740 shares of the company were exchanged, compared to its average volume of 86,815. The firm has a 50-day moving average of $28.41 and a 200 day moving average of $26.75. SMC has a 1 year low of $22.05 and a 1 year high of $31.42. The stock has a market cap of $33.08 billion, a price-to-earnings ratio of 24.36 and a beta of 0.95.

SMC (OTCMKTS:SMCAY) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.22 earnings per share for the quarter. SMC had a net margin of 24.19% and a return on equity of 10.50%. The business had revenue of $1.28 billion for the quarter. On average, equities analysts forecast that SMC will post 0.97 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.