SMC Co. (OTCMKTS:SMCAY) Short Interest Down 31.4% in August

SMC Co. (OTCMKTS:SMCAY) was the recipient of a large decline in short interest in August. As of August 15th, there was short interest totalling 11,800 shares, a decline of 31.4% from the July 31st total of 17,200 shares. Based on an average daily volume of 599,700 shares, the days-to-cover ratio is presently 0.0 days.

SMC Stock Performance

Shares of SMC stock traded up $0.25 during midday trading on Friday, hitting $23.10. The company had a trading volume of 89,640 shares, compared to its average volume of 232,847. SMC has a 52-week low of $21.00 and a 52-week high of $31.42. The company has a 50 day moving average of $23.68 and a 200 day moving average of $25.98.

SMC (OTCMKTS:SMCAY) last released its earnings results on Friday, August 9th. The company reported $0.24 EPS for the quarter. SMC had a return on equity of 9.26% and a net margin of 22.38%. The firm had revenue of $1.30 billion for the quarter. On average, equities research analysts predict that SMC will post 1.03 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.