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

Disco Co. (OTCMKTS:DSCSY) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 13,900 shares, a growth of 717.6% from the December 15th total of 1,700 shares. Based on an average daily volume of 176,400 shares, the short-interest ratio is presently 0.1 days.

Disco Stock Down 1.1 %

Shares of DSCSY stock traded down $0.33 on Monday, reaching $30.00. The stock had a trading volume of 64,262 shares, compared to its average volume of 98,499. Disco has a 12 month low of $23.09 and a 12 month high of $42.93. The firm has a market capitalization of $32.51 billion, a price-to-earnings ratio of 46.88 and a beta of 1.07. The firm’s 50-day moving average is $27.74 and its two-hundred day moving average is $28.84.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings results on Thursday, October 17th. The company reported $0.18 earnings per share for the quarter. Disco had a return on equity of 27.79% and a net margin of 29.12%. The firm had revenue of $646.84 million for the quarter. On average, sell-side analysts forecast that Disco will post 0.74 earnings per share 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.