Disco Co. (OTCMKTS:DSCSY) Short Interest Down 70.0% in June

Disco Co. (OTCMKTS:DSCSY) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totalling 2,400 shares, a drop of 70.0% from the June 15th total of 8,000 shares. Based on an average daily volume of 183,400 shares, the days-to-cover ratio is currently 0.0 days.

Disco Stock Down 4.5 %

Shares of DSCSY stock traded down $1.89 during mid-day trading on Friday, reaching $39.68. 62,853 shares of the stock traded hands, compared to its average volume of 98,496. The stock’s fifty day simple moving average is $38.00 and its two-hundred day simple moving average is $33.22. Disco has a 1-year low of $15.85 and a 1-year high of $42.93. The company has a market cap of $43.00 billion, a price-to-earnings ratio of 73.48 and a beta of 1.14.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.22 earnings per share (EPS) for the quarter. Disco had a return on equity of 24.30% and a net margin of 27.32%. The company had revenue of $702.35 million during the quarter, compared to the consensus estimate of $606.37 million. On average, equities research analysts anticipate that Disco will post 0.69 EPS for the current fiscal year.

Disco Company Profile

Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally. Its precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws. The company also offers precision processing tools, such as dicing blades, grinding wheels, and dry polishing wheels; and other products, such as accessory equipment.