Short Interest in SMC Co. (OTCMKTS:SMCAY) Drops By 78.0%

SMC Co. (OTCMKTS:SMCAY) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 9,700 shares, a decline of 78.0% from the March 31st total of 44,000 shares. Based on an average daily volume of 148,700 shares, the short-interest ratio is presently 0.1 days.

SMC Price Performance

OTCMKTS SMCAY traded up $0.85 during trading on Friday, reaching $25.94. 80,740 shares of the company’s stock were exchanged, compared to its average volume of 86,815. SMC has a fifty-two week low of $22.05 and a fifty-two week high of $31.42. The stock has a market capitalization of $33.08 billion, a P/E ratio of 24.36 and a beta of 0.95. The business has a 50 day moving average price of $28.41 and a 200-day moving average price of $26.75.

SMC (OTCMKTS:SMCAY) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.22 earnings per share for the quarter. SMC had a return on equity of 10.50% and a net margin of 24.19%. The business had revenue of $1.28 billion for the quarter. On average, analysts forecast that SMC will post 0.97 earnings per share for the current year.

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.