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

SMC Co. (OTCMKTS:SMCAY) was the target of a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 11,800 shares, a decline of 31.4% from the July 31st total of 17,200 shares. Based on an average daily volume of 599,700 shares, the days-to-cover ratio is currently 0.0 days.

SMC Price Performance

OTCMKTS SMCAY traded up $0.25 on Friday, hitting $23.10. The stock had a trading volume of 89,640 shares, compared to its average volume of 232,847. The business’s fifty day moving average price is $23.68 and its 200 day moving average price is $25.98. SMC has a 52-week low of $21.00 and a 52-week high of $31.42.

SMC (OTCMKTS:SMCAY) last released its quarterly earnings results on Friday, August 9th. The company reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $1.30 billion for the quarter. SMC had a net margin of 22.38% and a return on equity of 9.26%. Analysts forecast that SMC will post 1.03 EPS for the current fiscal 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.