Smc Corporation (OTCMKTS:SMCAY) Shares Shorted: Short Interest Up 190.7% in September

Smc Corporation (OTCMKTS:SMCAY) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 125,646 shares, a growth of 190.7% from the August 31st total of 43,223 shares. Based on an average trading volume of 731,400 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SMCAY. Zacks Research raised SMC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Jefferies Financial Group raised SMC from a “buy” rating to a “buy” rating in a report on Tuesday, June 16th. 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

SMC Stock Up 3.4%

SMCAY opened at $22.20 on Friday. The company has a market capitalization of $28.36 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 1.47 and a beta of 1.09. The firm has a 50-day simple moving average of $22.24 and a two-hundred day simple moving average of $21.95. SMC has a 52 week low of $14.65 and a 52 week high of $27.77.

SMC (OTCMKTS:SMCAY) last issued its earnings results on Friday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.10. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.54 billion. SMC had a return on equity of 9.40% and a net margin of 21.94%. As a group, sell-side analysts expect that SMC will post 1.1 earnings per share for the current year.

SMC Company Profile

SMC Corporation is a Japan-based manufacturer of pneumatic and automation equipment used in factory automation and industrial production systems. Its products help control the movement, pressure, flow and handling of air and other fluids in manufacturing processes.

The company’s product portfolio includes pneumatic cylinders and actuators, control valves, air-preparation equipment, fittings, tubing, vacuum equipment, sensors and related automation components. SMC also offers electric actuators and equipment for specialized applications, including process control, cleanroom manufacturing and material handling.

Founded in 1959 as Sintered Metal Corporation, the company adopted the name SMC Corporation in 1985.