Smc Corporation (OTCMKTS:SMCAY) Short Interest Update

Smc Corporation (OTCMKTS:SMCAY) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 9,592 shares, a decrease of 54.0% from the April 15th total of 20,838 shares. Based on an average daily trading volume, of 821,635 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research raised SMC from a “hold” rating to a “strong-buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

SMC Stock Performance

Shares of SMC stock traded down $3.40 on Friday, hitting $21.48. The company had a trading volume of 216,255 shares, compared to its average volume of 376,906. The stock has a market capitalization of $27.43 billion, a price-to-earnings ratio of 24.40, a P/E/G ratio of 3.61 and a beta of 1.15. SMC has a 1 year low of $14.31 and a 1 year high of $27.77. The stock has a 50 day moving average of $22.01 and a 200-day moving average of $20.22.

SMC (OTCMKTS:SMCAY) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.45 billion. SMC had a return on equity of 8.25% and a net margin of 19.84%. Equities analysts anticipate that SMC will post 0.95 earnings per share for the current year.

About SMC

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.