Smc Corporation (OTCMKTS:SMCAY) Short Interest Update

Smc Corporation (OTCMKTS:SMCAY) saw a significant increase in short interest in 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. Based on an average daily volume of 713,900 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

SMC Stock Performance

SMCAY stock traded up $0.10 during trading on Wednesday, reaching $20.83. 135,659 shares of the company traded hands, compared to its average volume of 319,627. SMC has a 12 month low of $14.31 and a 12 month high of $27.77. The business has a 50 day simple moving average of $21.92 and a 200 day simple moving average of $20.43. The company has a market capitalization of $26.61 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 2.08 and a beta of 1.15.

SMC (OTCMKTS:SMCAY) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.24 earnings per share for the quarter, beating 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 company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.45 billion. As a group, research analysts forecast that SMC will post 0.95 EPS for the current year.

Analyst Ratings Changes

Separately, Zacks Research raised SMC from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. One 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 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.