Short Interest in Smc Corporation (OTCMKTS:SMCAY) Grows By 138.6%

Smc Corporation (OTCMKTS:SMCAY) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 324,038 shares, a growth of 138.6% from the May 14th total of 135,826 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 455,649 shares, the short-interest ratio is currently 0.7 days.

Analyst Ratings Changes

A number of research firms recently commented on SMCAY. Zacks Research raised shares of SMC from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. The Goldman Sachs Group downgraded shares of SMC from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, SMC currently has a consensus rating of “Buy”.

SMC Price Performance

OTCMKTS SMCAY opened at $20.72 on Friday. The firm’s fifty day moving average price is $21.99 and its 200 day moving average price is $20.65. The company has a market capitalization of $26.47 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 2.03 and a beta of 1.10. SMC has a 12 month low of $14.31 and a 12 month high of $27.77.

SMC (OTCMKTS:SMCAY) last posted its earnings results on Thursday, May 14th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.45 billion. SMC had a net margin of 19.84% and a return on equity of 8.15%. As a group, sell-side analysts forecast that SMC will post 0.94 earnings per share for the current 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.