Semiconductor Manufacturing International Corporation (OTCMKTS:SMICY) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 32,100 shares, a growth of 37.2% from the August 15th total of 23,400 shares. Based on an average daily volume of 197,200 shares, the days-to-cover ratio is currently 0.2 days.

Several analysts have issued reports on the company. Goldman Sachs Group lowered Semiconductor Manufacturing International from a “conviction-buy” rating to a “buy” rating in a research note on Monday, September 7th. HSBC lowered shares of Semiconductor Manufacturing International from a “hold” rating to a “reduce” rating in a research report on Monday, August 10th. Finally, Zacks Investment Research lowered shares of Semiconductor Manufacturing International from a “hold” rating to a “sell” rating in a research report on Thursday, August 13th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Semiconductor Manufacturing International currently has a consensus rating of “Hold” and an average target price of $11.00.

SMICY stock opened at $12.61 on Wednesday. The stock has a 50-day simple moving average of $16.68 and a two-hundred day simple moving average of $13.51. Semiconductor Manufacturing International has a twelve month low of $5.95 and a twelve month high of $27.54. The firm has a market capitalization of $12.74 billion, a PE ratio of 35.03 and a beta of 0.79. The company has a quick ratio of 2.22, a current ratio of 2.39 and a debt-to-equity ratio of 0.20.

Semiconductor Manufacturing International (OTCMKTS:SMICY) last posted its earnings results on Thursday, August 6th. The company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.05. Semiconductor Manufacturing International had a net margin of 10.73% and a return on equity of 3.47%. The business had revenue of $938.46 million for the quarter, compared to analyst estimates of $955.92 million. On average, equities research analysts anticipate that Semiconductor Manufacturing International will post 0.22 EPS for the current fiscal year.

Semiconductor Manufacturing International Company Profile

Semiconductor Manufacturing International Corporation, an investment holding company, engages in the computer-aided design, manufacture, testing, packaging, and trading of integrated circuits (IC) and other semiconductor services. It is also involved in wafer manufacturing, wafer probing and bumping, technology development, design service, mask manufacturing, assembly and final testing of integrated circuits; and sales of self-manufactured products.

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