Smc Corporation (OTCMKTS:SMCAY) Short Interest Update

Key Points

• Short interest fell 68.7% to 29,236 shares as of August 14, down from 93,496 shares on July 30. Short interest represented approximately 0.0% of shares outstanding, with a days-to-cover ratio of 0.0.
• Analyst sentiment remains generally positive, with one Strong Buy, one Buy, and one Hold rating, resulting in a consensus rating of Buy.
• SMC reported quarterly earnings of $0.33 per share, beating estimates by $0.10, while revenue of $1.70 billion exceeded the $1.54 billion consensus forecast. Shares opened at $22.26, down 1.6%.

Smc Corporation (OTCMKTS:SMCAY - Get Free Report) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 29,236 shares, a drop of 68.7% from the July 30th total of 93,496 shares. Based on an average daily trading volume, of 983,018 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company's stock are short sold.

Analyst Ratings Changes

SMCAY has been the topic of a number of recent research reports. Jefferies Financial Group upgraded SMC from a "buy" rating to a "buy" rating in a research note on Tuesday, June 16th. Zacks Research upgraded shares of SMC from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Finally, The Goldman Sachs Group downgraded shares of SMC from a "strong-buy" rating to a "neutral" rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy".

SMC Trading Down 1.6%

Shares of SMCAY opened at $22.26 on Thursday. SMC has a 12-month low of $14.31 and a 12-month high of $27.77. The firm has a market capitalization of $28.43 billion, a P/E ratio of 21.61, a P/E/G ratio of 1.55 and a beta of 1.10. The firm has a 50-day moving average price of $22.61 and a 200 day moving average price of $22.18.

SMC (OTCMKTS:SMCAY - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.10. SMC had a return on equity of 9.40% and a net margin of 21.94%.The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.54 billion. Equities research analysts predict that SMC will post 1.1 earnings per share for the current fiscal 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. 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.

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