Semiconductor Manufacturing International Co. (OTCMKTS:SMICY) Short Interest Down 51.0% in December

Semiconductor Manufacturing International Co. (OTCMKTS:SMICY) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 9,800 shares, a decrease of 51.0% from the December 15th total of 20,000 shares. Based on an average trading volume of 98,800 shares, the days-to-cover ratio is presently 0.1 days.

OTCMKTS:SMICY traded down $0.12 during trading hours on Wednesday, hitting $16.70. The company’s stock had a trading volume of 33,657 shares, compared to its average volume of 322,526. The company has a market capitalization of $16.87 billion, a P/E ratio of 46.39 and a beta of 0.92. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.39 and a quick ratio of 2.22. Semiconductor Manufacturing International has a twelve month low of $7.00 and a twelve month high of $27.54. The stock has a fifty day simple moving average of $13.56 and a 200-day simple moving average of $15.41.

Semiconductor Manufacturing International (OTCMKTS:SMICY) last announced its quarterly earnings results on Wednesday, November 11th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.11. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.03 billion. Semiconductor Manufacturing International had a net margin of 10.73% and a return on equity of 3.47%. On average, equities analysts predict that Semiconductor Manufacturing International will post 0.22 EPS for the current fiscal year.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded Semiconductor Manufacturing International from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Wednesday. Jefferies Financial Group upgraded shares of Semiconductor Manufacturing International from a “hold” rating to a “buy” rating in a research report on Monday, December 21st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $20.02.

Semiconductor Manufacturing International Company Profile

Semiconductor Manufacturing International Corporation, an investment holding company, engages in the computer-aided design, manufacture, testing, packaging, and trading of integrated circuits (IC) and other semiconductor services. It is also involved in wafer manufacturing, wafer probing and bumping, technology development, design service, mask manufacturing, and assembly and final testing of integrated circuits; and sale of self-manufactured products.

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