Disco Co. (OTCMKTS:DSCSY) Short Interest Update

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

Disco Stock Performance

Disco stock opened at $28.91 on Thursday. The business’s 50-day simple moving average is $28.07 and its 200-day simple moving average is $28.00. The firm has a market capitalization of $31.33 billion, a PE ratio of 45.17 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 issued its quarterly earnings results on Thursday, January 23rd. The company reported $0.19 earnings per share (EPS) for the quarter. Disco had a return on equity of 27.79% and a net margin of 29.12%. Research analysts forecast that Disco will post 0.74 earnings per share 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.