Disco Corp (OTCMKTS:DSCSY) Shares Shorted: Short Interest Down 40.3% in September

Disco Corp (OTCMKTS:DSCSY) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 48,264 shares, a decline of 40.3% from the September 15th total of 80,847 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 329,797 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Disco

A hedge fund recently bought a new position in Disco stock. Azimuth Capital Investment Management LLC acquired a new position in shares of Disco Corp (OTCMKTS:DSCSY) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 237,250 shares of the company’s stock, valued at approximately $11,862,000. Hedge funds and other institutional investors own 0.03% of the company’s stock.

Analyst Ratings Changes

DSCSY has been the topic of a number of research reports. Jefferies Financial Group upgraded shares of Disco from a “hold” rating to a “buy” rating in a research report on Monday, July 27th. Zacks Research upgraded shares of Disco from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Disco Stock Down 2.2%

Shares of DSCSY stock opened at $34.55 on Friday. Disco has a 12-month low of $26.33 and a 12-month high of $58.00. The firm has a market capitalization of $37.49 billion, a price-to-earnings ratio of 40.60 and a beta of 1.56. The firm has a fifty day moving average of $36.65 and a 200-day moving average of $41.49.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.20 earnings per share (EPS) for the quarter. Disco had a return on equity of 26.03% and a net margin of 31.65%. The company had revenue of $717.28 million during the quarter. Research analysts expect that Disco will post 1.11 earnings per share for the current year.

About Disco

DISCO Corporation is a Japan-based manufacturer of precision equipment and tools used in semiconductor and electronic-component manufacturing. The company’s products support the processing of silicon and other hard, brittle materials, including wafer thinning, dicing, grinding, polishing and other precision separation processes.

Its product portfolio includes semiconductor manufacturing equipment, precision processing tools such as diamond wheels and blades, and related equipment and consumables.