SMC Co. (OTCMKTS:SMCAY) Sees Large Decline in Short Interest

SMC Co. (OTCMKTS:SMCAY) saw a significant decrease in short interest in December. As of December 15th, there was short interest totalling 14,500 shares, a decrease of 81.1% from the November 30th total of 76,900 shares. Based on an average daily volume of 915,800 shares, the days-to-cover ratio is presently 0.0 days.

SMC Price Performance

Shares of SMCAY traded down $0.11 during trading hours on Friday, reaching $19.62. 718,038 shares of the company’s stock traded hands, compared to its average volume of 199,559. The firm has a market capitalization of $25.64 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 5.00 and a beta of 0.81. The business’s fifty day simple moving average is $21.11 and its two-hundred day simple moving average is $22.37. SMC has a twelve month low of $18.79 and a twelve month high of $31.42.

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.