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

Disco Co. (OTCMKTS:DSCSY) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 13,900 shares, an increase of 717.6% from the December 15th total of 1,700 shares. Based on an average trading volume of 176,400 shares, the days-to-cover ratio is presently 0.1 days.

Disco Trading Down 0.8 %

Shares of Disco stock traded down $0.24 on Tuesday, hitting $29.76. 120,245 shares of the company traded hands, compared to its average volume of 107,678. The stock’s 50 day moving average price is $27.76 and its 200-day moving average price is $28.78. The company has a market cap of $32.25 billion, a PE ratio of 46.50 and a beta of 1.07. Disco has a 52 week low of $23.09 and a 52 week high of $42.93.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings results on Thursday, October 17th. The company reported $0.18 EPS 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 for the quarter. As a group, research analysts anticipate that Disco will post 0.74 EPS for the current fiscal 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.