SMC Co. (OTCMKTS:SMECF – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 151,701 shares, a growth of 118.8% from the June 15th total of 69,341 shares. Based on an average daily trading volume, of 291 shares, the days-to-cover ratio is currently 521.3 days.
SMC Trading Down 5.6%
Shares of OTCMKTS:SMECF opened at $449.90 on Friday. The business’s fifty day moving average price is $437.89 and its two-hundred day moving average price is $426.90. SMC has a fifty-two week low of $281.00 and a fifty-two week high of $556.98.
About SMC
SMC Corporation (OTCMKTS: SMECF) is a Japan‐based manufacturer specializing in pneumatic control equipment and factory automation solutions. The company designs, develops and distributes a broad range of products that serve industrial clients across sectors such as automotive, semiconductor manufacturing, food and beverage, and life sciences. Its core business centers on the control and movement of air and gas to power automated industrial processes.
The company’s product portfolio includes directional control valves, actuators, air preparation units, fittings, tubing, vacuum equipment and related accessories.
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