Smc Corporation (OTCMKTS:SMCAY) Short Interest Update

Smc Corporation (OTCMKTS:SMCAY) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 135,826 shares, an increase of 1,316.0% from the April 30th total of 9,592 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 713,900 shares, the days-to-cover ratio is currently 0.2 days.

SMC Stock Performance

SMCAY stock traded up $0.10 during midday trading on Wednesday, reaching $20.83. The company’s stock had a trading volume of 135,659 shares, compared to its average volume of 319,627. The stock has a fifty day simple moving average of $21.92 and a two-hundred day simple moving average of $20.43. SMC has a 1 year low of $14.31 and a 1 year high of $27.77. The firm has a market capitalization of $26.61 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 2.08 and a beta of 1.15.

SMC (OTCMKTS:SMCAY) last released its earnings results on Thursday, May 14th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. SMC had a return on equity of 8.25% and a net margin of 19.84%.The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. As a group, analysts forecast that SMC will post 0.95 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research upgraded SMC from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, SMC has an average rating of “Strong Buy”.

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. It also provides flow control equipment, speed controllers, silencers/exhaust/blow guns/pressure gauges, switches/sensors/controllers, static neutralization equipment, and industrial device communication equipment/wireless system.