SMC Co. (OTCMKTS:SMCAY) Sees Large Increase in Short Interest

SMC Co. (OTCMKTS:SMCAY) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 145,600 shares, a growth of 104.8% from the February 28th total of 71,100 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,046,800 shares, the short-interest ratio is presently 0.1 days.

SMC Price Performance

Shares of SMC stock traded down $0.75 during midday trading on Friday, hitting $18.68. 305,101 shares of the company were exchanged, compared to its average volume of 621,363. The firm has a 50 day simple moving average of $18.78 and a 200-day simple moving average of $20.18. The firm has a market cap of $24.41 billion, a P/E ratio of 22.78, a PEG ratio of 16.73 and a beta of 0.80. SMC has a 52 week low of $17.18 and a 52 week high of $29.49.

SMC (OTCMKTS:SMCAY) last released its quarterly earnings data on Friday, February 14th. The company reported $0.22 earnings per share (EPS) for the quarter. SMC had a return on equity of 8.31% and a net margin of 20.52%. The firm had revenue of $1.28 billion during the quarter. Equities research analysts expect that SMC will post 0.79 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.