Smc Corporation (OTCMKTS:SMCAY) Short Interest Update

Smc Corporation (OTCMKTS:SMCAY) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 519,300 shares, an increase of 195.4% from the September 30th total of 175,800 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 648,800 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 648,800 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of SMC from a “strong sell” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

SMC Trading Up 0.2%

SMCAY stock opened at $17.27 on Thursday. The business’s fifty day moving average price is $15.91 and its 200 day moving average price is $16.85. SMC has a 12-month low of $14.30 and a 12-month high of $22.99. The company has a market capitalization of $22.06 billion, a PE ratio of 23.03, a P/E/G ratio of 3.94 and a beta of 1.03.

SMC (OTCMKTS:SMCAY) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). SMC had a net margin of 18.00% and a return on equity of 7.31%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $202.86 billion. Research analysts predict that SMC will post 0.79 EPS 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.