Smc Corporation (OTCMKTS:SMCAY) Sees Large Decline in Short Interest

Smc Corporation (OTCMKTS:SMCAY) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 108,168 shares, a decrease of 66.6% from the May 31st total of 324,038 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 478,263 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Zacks Research upgraded shares of SMC from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Jefferies Financial Group raised shares of SMC from a “buy” rating to a “buy” rating in a research report on Tuesday, June 16th. Finally, The Goldman Sachs Group downgraded shares of SMC from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

SMC Price Performance

SMC stock traded up $0.10 during mid-day trading on Tuesday, reaching $22.20. The stock had a trading volume of 45,815 shares, compared to its average volume of 301,116. SMC has a one year low of $14.31 and a one year high of $27.77. The company has a 50-day moving average price of $22.21 and a two-hundred day moving average price of $21.02. The company has a market capitalization of $28.35 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 2.29 and a beta of 1.11.

SMC (OTCMKTS:SMCAY) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. SMC had a net margin of 19.84% and a return on equity of 8.15%. On average, equities research analysts anticipate that SMC will post 0.93 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.