SMC Co. (OTCMKTS:SMECF) Short Interest Down 18.5% in March

SMC Co. (OTCMKTS:SMECF) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 265,400 shares, a drop of 18.5% from the February 28th total of 325,500 shares. Based on an average daily volume of 14,600 shares, the days-to-cover ratio is currently 18.2 days.

SMC Stock Up 1.3 %

SMECF stock opened at $371.43 on Tuesday. The stock’s 50 day simple moving average is $376.49 and its 200 day simple moving average is $404.09. SMC has a fifty-two week low of $342.00 and a fifty-two week high of $585.00.

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.