Disco Co. (OTCMKTS:DSCSY) Short Interest Update

Disco Co. (OTCMKTS:DSCSY) saw a significant decline in short interest in October. As of October 31st, there was short interest totalling 88,200 shares, a decline of 9.4% from the October 15th total of 97,300 shares. Based on an average daily volume of 1,017,500 shares, the days-to-cover ratio is currently 0.1 days.

Disco Stock Performance

Shares of Disco stock traded up $0.68 during trading on Monday, reaching $27.46. The company had a trading volume of 153,764 shares, compared to its average volume of 137,250. Disco has a fifty-two week low of $19.98 and a fifty-two week high of $42.93. The firm’s fifty day moving average is $26.19 and its 200-day moving average is $31.54. The company has a market cap of $29.76 billion, a price-to-earnings ratio of 41.84 and a beta of 1.09.

Disco (OTCMKTS:DSCSY) last announced its 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 business had revenue of $646.84 million during the quarter. On average, research analysts anticipate that Disco will post 0.74 EPS for the current fiscal 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.