Disco Co. (OTCMKTS:DSCSY) Short Interest Down 24.7% in January

Disco Co. (OTCMKTS:DSCSY) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 47,800 shares, a drop of 24.7% from the January 15th total of 63,500 shares. Based on an average daily volume of 546,600 shares, the days-to-cover ratio is currently 0.1 days.

Disco Stock Up 1.4 %

OTCMKTS:DSCSY opened at $29.89 on Friday. The business’s 50-day moving average price is $28.45 and its 200 day moving average price is $27.71. Disco has a 52-week low of $23.09 and a 52-week high of $42.93. The firm has a market cap of $32.40 billion, a P/E ratio of 40.95 and a beta of 1.07.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.19 earnings per share (EPS) for the quarter. Disco had a net margin of 32.04% and a return on equity of 28.92%. Sell-side analysts expect that Disco will post 0.72 EPS for the current year.

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.