Disco Co. (OTCMKTS:DSCSY) Short Interest Update

Disco Co. (OTCMKTS:DSCSY) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 51,400 shares, a growth of 46.0% from the September 15th total of 35,200 shares. Based on an average daily volume of 189,300 shares, the days-to-cover ratio is currently 0.3 days.

Disco Price Performance

Disco stock traded up $0.44 during midday trading on Friday, hitting $25.44. The company’s stock had a trading volume of 23,462 shares, compared to its average volume of 107,988. Disco has a 1-year low of $16.66 and a 1-year high of $42.93. The company has a 50-day moving average price of $27.05 and a two-hundred day moving average price of $32.84. The company has a market cap of $27.57 billion, a price-to-earnings ratio of 47.11 and a beta of 1.11.

Disco (OTCMKTS:DSCSY) last released its earnings results on Thursday, July 18th. The company reported $0.14 EPS for the quarter. Disco had a net margin of 28.29% and a return on equity of 26.19%. The firm had revenue of $531.13 million for the quarter, compared to analyst estimates of $535.35 million. Sell-side analysts forecast that Disco will post 0.76 EPS for the current 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.