Smc Corporation (OTCMKTS:SMCAY) Short Interest Update

Smc Corporation (OTCMKTS:SMCAY) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 175,800 shares, a growth of 1,056.6% from the September 15th total of 15,200 shares. Based on an average daily trading volume, of 2,170,000 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 2,170,000 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of SMC from a “hold” rating to a “strong sell” rating in a research note on Friday, September 19th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, SMC has a consensus rating of “Sell”.

SMC Trading Down 1.4%

SMCAY stock opened at $17.00 on Friday. SMC has a 12 month low of $14.30 and a 12 month high of $22.99. The company has a 50-day moving average price of $15.78 and a 200 day moving average price of $16.82. The stock has a market cap of $21.72 billion, a PE ratio of 22.67, a P/E/G ratio of 3.94 and a beta of 1.03.

SMC (OTCMKTS:SMCAY) last released its quarterly earnings results on Friday, August 8th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). SMC had a return on equity of 7.31% and a net margin of 18.00%.The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $202.86 billion. Sell-side analysts forecast that SMC will post 0.79 EPS for the current year.

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.