Short Interest in SMC Co. (OTCMKTS:SMCAY) Increases By 441.6%

SMC Co. (OTCMKTS:SMCAY) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 788,500 shares, an increase of 441.6% from the March 15th total of 145,600 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 928,700 shares, the days-to-cover ratio is presently 0.8 days.

SMC Price Performance

Shares of SMC stock traded down $0.15 on Tuesday, hitting $15.91. The company had a trading volume of 919,565 shares, compared to its average volume of 670,394. SMC has a twelve month low of $14.85 and a twelve month high of $28.32. The stock has a 50-day moving average of $18.18 and a 200-day moving average of $19.76. The firm has a market capitalization of $20.79 billion, a P/E ratio of 19.40, a P/E/G ratio of 16.73 and a beta of 0.96.

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