Smc Corporation (OTCMKTS:SMCAY) Sees Significant Drop in Short Interest

Smc Corporation (OTCMKTS:SMCAY) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 29,236 shares, a decline of 68.7% from the July 30th total of 93,496 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 983,018 shares, the short-interest ratio is presently 0.0 days.

SMC Stock Performance

OTCMKTS SMCAY opened at $21.79 on Friday. The firm has a 50-day moving average of $22.58 and a 200-day moving average of $22.18. The stock has a market cap of $27.83 billion, a PE ratio of 21.16, a P/E/G ratio of 1.52 and a beta of 1.10. SMC has a 52-week low of $14.31 and a 52-week high of $27.77.

SMC (OTCMKTS:SMCAY) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. SMC had a return on equity of 9.40% and a net margin of 21.94%.The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.54 billion. As a group, analysts predict that SMC will post 1.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SMCAY has been the subject of a number of analyst reports. The Goldman Sachs Group cut shares of SMC from a “strong-buy” rating to a “neutral” rating in a report on Thursday, May 28th. Jefferies Financial Group raised shares of SMC from a “buy” rating to a “buy” rating in a research report on Tuesday, June 16th. Finally, Zacks Research raised SMC from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

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. 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.