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

Disco Co. (OTCMKTS:DSCSY) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 81,800 shares, an increase of 86.8% from the November 15th total of 43,800 shares. Based on an average daily trading volume, of 275,800 shares, the short-interest ratio is currently 0.3 days.

Disco Stock Down 2.1 %

Shares of OTCMKTS DSCSY traded down $0.56 during midday trading on Thursday, reaching $26.59. The company had a trading volume of 69,431 shares, compared to its average volume of 134,691. The firm’s fifty day moving average price is $27.05 and its 200-day moving average price is $30.68. Disco has a one year low of $22.43 and a one year high of $42.93. The stock has a market cap of $28.82 billion, a PE ratio of 41.55 and a beta of 1.07.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings data on Thursday, October 17th. The company reported $0.18 earnings per share for the quarter. Disco had a return on equity of 27.79% and a net margin of 29.12%. The firm had revenue of $646.84 million during the quarter. As a group, equities research analysts expect that Disco will post 0.74 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.