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

Disco Co. (OTCMKTS:DSCSY) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 1,700 shares, a drop of 97.9% from the November 30th total of 81,800 shares. Based on an average trading volume of 144,900 shares, the short-interest ratio is presently 0.0 days.

Disco Price Performance

Shares of OTCMKTS DSCSY traded up $0.08 during mid-day trading on Friday, hitting $27.28. The company’s stock had a trading volume of 84,946 shares, compared to its average volume of 133,035. The company’s fifty day simple moving average is $27.43 and its 200-day simple moving average is $29.79. Disco has a one year low of $22.50 and a one year high of $42.93. The stock has a market cap of $29.57 billion, a price-to-earnings ratio of 42.63 and a beta of 1.07.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings data 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, sell-side analysts predict that Disco will post 0.74 EPS for the current 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.