Disco Co. (OTCMKTS:DSCSY) Short Interest Update

Disco Co. (OTCMKTS:DSCSY) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 8,000 shares, a decline of 76.6% from the May 31st total of 34,200 shares. Based on an average daily trading volume, of 89,900 shares, the days-to-cover ratio is currently 0.1 days.

Disco Trading Up 0.4 %

DSCSY traded up $0.14 during trading on Friday, hitting $38.39. 65,470 shares of the company’s stock were exchanged, compared to its average volume of 63,698. Disco has a 1 year low of $15.24 and a 1 year high of $42.46. The stock has a 50 day moving average price of $36.08 and a 200 day moving average price of $32.13. The firm has a market cap of $41.60 billion, a P/E ratio of 71.09 and a beta of 1.16.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.22 earnings per share (EPS) for the quarter. Disco had a net margin of 27.32% and a return on equity of 24.30%. The company had revenue of $702.35 million during the quarter, compared to the consensus estimate of $606.37 million. Analysts forecast that Disco will post 0.69 earnings per share 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.