Smc Corporation (OTCMKTS:SMCAY) Sees Significant Decrease in Short Interest

Key Points

• SMC Corporation experienced a 36.5% decrease in short interest from August 15th to August 31st, with a total of 69,100 shares sold short.
• The company's recent earnings report highlighted an EPS of $0.19, falling short of analysts' expectations of $0.22.
• As of now, SMC has a market capitalization of $19.34 billion and shares currently trade around $15.14.

Smc Corporation (OTCMKTS:SMCAY - Get Free Report) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 69,100 shares, a decrease of 36.5% from the August 15th total of 108,800 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,068,200 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 2,068,200 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

SMC Price Performance

Shares of SMCAY opened at $15.14 on Monday. SMC has a fifty-two week low of $14.30 and a fifty-two week high of $23.56. The firm has a market capitalization of $19.34 billion, a PE ratio of 20.19, a PEG ratio of 3.41 and a beta of 1.00. The company's 50-day moving average is $16.45 and its 200-day moving average is $17.28.

SMC (OTCMKTS:SMCAY - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). SMC had a return on equity of 7.31% and a net margin of 18.00%.The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $202.86 billion. Analysts predict that SMC will post 0.79 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.

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