Short Interest in Disco Co. (OTCMKTS:DSCSY) Declines By 50.3%

Disco Co. (OTCMKTS:DSCSY) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 43,800 shares, a drop of 50.3% from the October 31st total of 88,200 shares. Based on an average daily volume of 289,600 shares, the days-to-cover ratio is currently 0.2 days.

Disco Stock Performance

DSCSY traded down $0.06 on Friday, reaching $27.26. The company had a trading volume of 65,229 shares, compared to its average volume of 137,217. The business has a 50 day simple moving average of $26.76 and a 200 day simple moving average of $31.23. The company has a market cap of $29.54 billion, a price-to-earnings ratio of 42.59 and a beta of 1.09. Disco has a 52-week low of $19.98 and a 52-week high of $42.93.

Disco (OTCMKTS:DSCSY) last announced its earnings results on Thursday, October 17th. The company reported $0.18 earnings per share for the quarter. The business had revenue of $646.84 million for the quarter. Disco had a net margin of 29.12% and a return on equity of 27.79%. As a group, equities research analysts predict 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.