Short Interest in Disco Co. (OTCMKTS:DSCSY) Decreases By 76.6%

Disco Co. (OTCMKTS:DSCSY) saw a significant decrease in short interest in June. As of June 15th, there was short interest totalling 8,000 shares, a decrease of 76.6% from the May 31st total of 34,200 shares. Based on an average daily trading volume, of 89,900 shares, the days-to-cover ratio is currently 0.1 days.

Disco Trading Up 0.4 %

DSCSY stock traded up $0.14 during mid-day trading on Friday, reaching $38.39. 65,470 shares of the stock traded hands, compared to its average volume of 63,698. Disco has a 52-week low of $15.24 and a 52-week high of $42.46. The company has a market cap of $41.60 billion, a P/E ratio of 71.09 and a beta of 1.16. The stock’s fifty day moving average is $36.08 and its 200-day moving average is $32.13.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.22 EPS for the quarter. Disco had a net margin of 27.32% and a return on equity of 24.30%. The company had revenue of $702.35 million during the quarter, compared to analyst estimates of $606.37 million. Equities research analysts expect that Disco will post 0.69 earnings per share for the current 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.