Disco Co. (OTCMKTS:DSCSY) Sees Significant Drop in Short Interest

Disco Co. (OTCMKTS:DSCSY) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 47,800 shares, a decline of 24.7% from the January 15th total of 63,500 shares. Based on an average trading volume of 546,600 shares, the short-interest ratio is presently 0.1 days.

Disco Trading Up 0.7 %

OTCMKTS:DSCSY traded up $0.21 during mid-day trading on Friday, reaching $30.10. 1,162,882 shares of the stock were exchanged, compared to its average volume of 219,160. The business has a fifty day moving average price of $28.53 and a 200 day moving average price of $27.67. The firm has a market capitalization of $32.62 billion, a PE ratio of 41.23 and a beta of 1.07. Disco has a 1-year low of $23.09 and a 1-year high of $42.93.

Disco (OTCMKTS:DSCSY) last released its 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 28.92% and a net margin of 32.04%. On average, sell-side analysts forecast that Disco will post 0.72 earnings per share 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.