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

Smc Corporation (OTCMKTS:SMCAY) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 108,168 shares, a drop of 66.6% from the May 31st total of 324,038 shares. Based on an average daily trading volume, of 478,263 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

SMC Stock Up 0.1%

OTCMKTS:SMCAY traded up $0.03 during trading hours on Friday, hitting $22.32. 103,432 shares of the company traded hands, compared to its average volume of 215,872. The company has a market cap of $28.51 billion, a PE ratio of 25.36, a PEG ratio of 2.29 and a beta of 1.10. The firm’s 50-day simple moving average is $22.22 and its 200-day simple moving average is $20.97. SMC has a one year low of $14.31 and a one year high of $27.77.

SMC (OTCMKTS:SMCAY) last posted its earnings results on Thursday, May 14th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. SMC had a net margin of 19.84% and a return on equity of 8.15%. As a group, equities research analysts expect that SMC will post 0.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SMCAY shares. Zacks Research raised shares of SMC from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Jefferies Financial Group raised SMC from a “buy” rating to a “buy” rating in a report on Tuesday, June 16th. Finally, The Goldman Sachs Group downgraded SMC from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

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.