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

Disco Co. (OTCMKTS:DSCSY) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 8,900 shares, a decline of 81.4% from the January 31st total of 47,800 shares. Based on an average trading volume of 970,600 shares, the days-to-cover ratio is currently 0.0 days.

Disco Price Performance

Shares of DSCSY stock opened at $27.06 on Friday. The firm’s 50-day moving average is $29.00 and its two-hundred day moving average is $27.73. Disco has a 12 month low of $23.09 and a 12 month high of $42.93. The company has a market capitalization of $29.33 billion, a PE ratio of 37.07 and a beta of 1.07.

Disco (OTCMKTS:DSCSY) last issued its 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%. Sell-side analysts forecast that Disco will post 0.7 EPS for the current year.

Wall Street Analyst Weigh In

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

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.