SMC Co. (OTCMKTS:SMECF) Sees Significant Growth in Short Interest

SMC Co. (OTCMKTS:SMECF) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 160,200 shares, an increase of 36.2% from the May 15th total of 117,600 shares. Based on an average trading volume of 1,800 shares, the days-to-cover ratio is presently 89.0 days.

SMC Price Performance

Shares of SMC stock traded down $9.79 during mid-day trading on Friday, hitting $494.25. 913 shares of the stock were exchanged, compared to its average volume of 936. SMC has a 12 month low of $438.64 and a 12 month high of $622.00. The company has a 50-day simple moving average of $521.41 and a 200 day simple moving average of $541.89.

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.