Smc Corporation (OTCMKTS:SMCAY) Short Interest Update

Smc Corporation (OTCMKTS:SMCAY) was the target of 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 volume of 713,900 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Zacks Research raised shares of SMC from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. The Goldman Sachs Group cut shares of SMC to a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

SMC Trading Up 0.5%

SMC stock opened at $20.83 on Thursday. The firm has a 50-day moving average of $21.92 and a 200-day moving average of $20.43. The firm has a market cap of $26.61 billion, a P/E ratio of 23.67, a P/E/G ratio of 2.08 and a beta of 1.15. SMC has a 1-year low of $14.31 and a 1-year high of $27.77.

SMC (OTCMKTS:SMCAY) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. SMC had a net margin of 19.84% and a return on equity of 8.25%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.45 billion. Research 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.