Disco Co. (OTCMKTS:DSCSY) Sees Large Decline in Short Interest

Disco Co. (OTCMKTS:DSCSY) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 7,700 shares, a decrease of 13.5% from the February 13th total of 8,900 shares. Based on an average daily volume of 220,100 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Disco Stock Down 1.4 %

Disco stock opened at $22.47 on Friday. Disco has a 52-week low of $21.21 and a 52-week high of $42.93. The firm’s fifty day moving average is $27.67 and its 200 day moving average is $27.04. The company has a market cap of $24.36 billion, a price-to-earnings ratio of 30.78 and a beta of 1.03.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.19 EPS for the quarter. Disco had a net margin of 32.04% and a return on equity of 28.36%. On average, equities research analysts anticipate that Disco will post 0.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Nomura Securities upgraded Disco to a “hold” rating in a report on Friday, February 21st.

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.