Smc Corporation (OTCMKTS:SMCAY) Short Interest Up 749.6% in July

Key Points

• SMC Corporation saw a remarkable increase in short interest, rising by 749.6% in July, with 101,100 shares sold short by the end of the month.
• The company reported $0.19 earnings per share for the quarter ending August 8, missing analysts' consensus estimate of $0.22.
• SMC's market capitalization is approximately $20.83 billion, with a current stock trading around $16.31, reflecting fluctuations over the past year.

Smc Corporation (OTCMKTS:SMCAY - Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 101,100 shares, agrowthof749.6% from the July 15th total of 11,900 shares. Approximately0.0% of the shares of the stock are sold short. Based on an average trading volume of 622,300 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 622,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately0.0% of the shares of the stock are sold short.

SMC Trading Down 1.1%

OTCMKTS SMCAY traded down $0.1730 on Tuesday, hitting $15.68. 790,601 shares of the company's stock were exchanged, compared to its average volume of 377,660. The stock has a 50-day moving average of $17.45 and a 200-day moving average of $17.69. The stock has a market cap of $20.03 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 2.55 and a beta of 1.00. SMC has a 52 week low of $14.30 and a 52 week high of $24.10.

SMC (OTCMKTS:SMCAY - Get Free Report) last posted 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 7.38% and a net margin of 18.00%.The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $202.86 billion. As a group, analysts predict that SMC will post 0.79 earnings per share for the current 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.