Short Interest in Disco Co. (OTCMKTS:DSCSY) Drops By 50.3%

Disco Co. (OTCMKTS:DSCSY) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 43,800 shares, a decline of 50.3% from the October 31st total of 88,200 shares. Based on an average trading volume of 289,600 shares, the short-interest ratio is currently 0.2 days.

Disco Trading Up 1.7 %

Disco stock traded up $0.46 on Thursday, reaching $27.32. 30,156 shares of the stock were exchanged, compared to its average volume of 137,531. Disco has a twelve month low of $19.98 and a twelve month high of $42.93. The stock has a market cap of $29.61 billion, a PE ratio of 42.69 and a beta of 1.09. The firm has a fifty day moving average price of $26.72 and a two-hundred day moving average price of $31.27.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $646.84 million for the quarter. Disco had a net margin of 29.12% and a return on equity of 27.79%. Equities analysts anticipate that Disco will post 0.74 EPS for the current fiscal year.

About Disco

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.