Disco Co. (OTCMKTS:DSCSY) Short Interest Update

Disco Co. (OTCMKTS:DSCSY) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 7,700 shares, a decline of 13.5% from the February 13th total of 8,900 shares. Based on an average daily volume of 220,100 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Disco Stock Performance

Shares of Disco stock traded down $0.44 during trading on Wednesday, hitting $23.60. The company’s stock had a trading volume of 85,227 shares, compared to its average volume of 245,977. Disco has a 52 week low of $21.21 and a 52 week high of $42.93. The company has a market capitalization of $25.58 billion, a PE ratio of 32.33 and a beta of 1.03. The company has a fifty day simple moving average of $27.98 and a two-hundred day simple moving average of $27.10.

Disco (OTCMKTS:DSCSY) last announced its earnings results on Thursday, January 23rd. The company reported $0.19 earnings per share for the quarter. Disco had a net margin of 32.04% and a return on equity of 28.36%. As a group, analysts predict that Disco will post 0.7 EPS for the current year.

Analysts Set New Price Targets

Separately, Nomura Securities raised Disco to a “hold” rating in a research note on Friday, February 21st.

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.