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

SMC Co. (OTCMKTS:SMECF) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 265,400 shares, a decrease of 18.5% from the February 28th total of 325,500 shares. Based on an average daily volume of 14,600 shares, the short-interest ratio is currently 18.2 days.

SMC Stock Performance

Shares of OTCMKTS:SMECF opened at $353.05 on Wednesday. The firm’s 50 day moving average is $375.92 and its two-hundred day moving average is $403.51. SMC has a 52 week low of $342.00 and a 52 week high of $582.80.

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.