Short Interest in Disco Corp (OTCMKTS:DSCSY) Expands By 203.0%

Disco Corp (OTCMKTS:DSCSY) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 46,196 shares, an increase of 203.0% from the August 15th total of 15,246 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 311,923 shares, the short-interest ratio is presently 0.1 days.

Disco Stock Performance

OTCMKTS DSCSY traded up $0.54 on Friday, reaching $34.34. The company had a trading volume of 164,405 shares, compared to its average volume of 196,322. The firm has a market capitalization of $37.26 billion, a price-to-earnings ratio of 39.47 and a beta of 1.54. Disco has a 1-year low of $26.33 and a 1-year high of $58.00. The company’s fifty day moving average is $38.67 and its 200-day moving average is $42.99.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.20 earnings per share 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. On average, research analysts forecast that Disco will post 1.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DSCSY has been the topic of several recent analyst reports. Zacks Research lowered shares of Disco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Jefferies Financial Group raised shares of Disco from a “hold” rating to a “buy” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Disco has an average rating of “Moderate Buy”.

Institutional Trading of Disco

A hedge fund recently bought a new position in Disco stock. Azimuth Capital Investment Management LLC bought a new position in shares of Disco Corp (OTCMKTS:DSCSY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 237,250 shares of the company’s stock, valued at approximately $11,862,000. 0.03% of the stock is currently owned by hedge funds and other institutional investors.

About Disco

DISCO Corporation, traded in the United States under the symbol DSCSY, is a Japanese manufacturer of precision processing equipment and tools used primarily in semiconductor and electronic-component production. The company develops technologies for cutting, grinding and polishing hard, brittle materials such as silicon, compound semiconductors, glass and ceramics.

Its product portfolio includes wafer-dicing saws, grinding and polishing systems, laser-based processing equipment, and the consumable blades, wheels and other tools used with those machines.