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

Disco Co. (OTCMKTS:DSCSY) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 88,200 shares, a decrease of 9.4% from the October 15th total of 97,300 shares. Based on an average trading volume of 1,017,500 shares, the short-interest ratio is currently 0.1 days.

Disco Stock Up 2.5 %

Shares of Disco stock traded up $0.68 on Monday, hitting $27.46. The stock had a trading volume of 153,764 shares, compared to its average volume of 137,250. The business’s 50 day moving average is $26.19 and its two-hundred day moving average is $31.54. The stock has a market cap of $29.76 billion, a price-to-earnings ratio of 41.84 and a beta of 1.09. Disco has a twelve month low of $19.98 and a twelve month high of $42.93.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings results on Thursday, October 17th. The company reported $0.18 earnings per share (EPS) for the quarter. Disco had a net margin of 29.12% and a return on equity of 27.79%. The business had revenue of $646.84 million for the quarter. As a group, equities analysts predict that Disco will post 0.74 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.