Short Interest in SMC Co. (OTCMKTS:SMCAY) Increases By 65.3%

SMC Co. (OTCMKTS:SMCAY) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 19,500 shares, a growth of 65.3% from the August 15th total of 11,800 shares. Based on an average daily trading volume, of 286,400 shares, the days-to-cover ratio is currently 0.1 days.

SMC Price Performance

Shares of SMCAY traded down $0.41 during midday trading on Friday, reaching $20.99. The stock had a trading volume of 156,268 shares, compared to its average volume of 127,973. The firm’s 50 day moving average price is $23.12 and its 200-day moving average price is $25.50. SMC has a 52 week low of $19.70 and a 52 week high of $31.42. The company has a market capitalization of $27.43 billion, a P/E ratio of 22.09, a P/E/G ratio of 2.49 and a beta of 0.82.

SMC (OTCMKTS:SMCAY) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.24 earnings per share for the quarter. The company had revenue of $1.30 billion during the quarter. SMC had a net margin of 22.38% and a return on equity of 9.18%. On average, equities analysts forecast that SMC will post 1.03 earnings per share for the current 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.