Smc Corporation (OTCMKTS:SMCAY) Short Interest Update

Smc Corporation (OTCMKTS:SMCAY) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 135,826 shares, an increase of 1,316.0% from the April 30th total of 9,592 shares. Based on an average daily trading volume, of 713,900 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. The Goldman Sachs Group lowered SMC from a “strong-buy” rating to a “neutral” rating in a research note on Thursday. Zacks Research upgraded SMC from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

SMC Price Performance

Shares of OTCMKTS SMCAY traded up $0.51 during trading hours on Friday, reaching $21.75. The stock had a trading volume of 483,619 shares, compared to its average volume of 320,008. The business’s fifty day moving average is $21.93 and its two-hundred day moving average is $20.46. The company has a market cap of $27.78 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 2.09 and a beta of 1.15. SMC has a twelve month low of $14.31 and a twelve month high of $27.77.

SMC (OTCMKTS:SMCAY) last issued its earnings results on Thursday, May 14th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. SMC had a return on equity of 8.25% and a net margin of 19.84%. Sell-side analysts forecast that SMC will post 0.95 earnings per share for the current fiscal 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. It also provides flow control equipment, speed controllers, silencers/exhaust/blow guns/pressure gauges, switches/sensors/controllers, static neutralization equipment, and industrial device communication equipment/wireless system.