Disco Co. (OTCMKTS:DSCSY) Sees Large Decline in Short Interest

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

Disco Trading Up 3.4 %

Disco stock traded up $0.87 during midday trading on Friday, hitting $26.78. The stock had a trading volume of 96,280 shares, compared to its average volume of 419,657. The stock has a market cap of $29.02 billion, a P/E ratio of 41.84 and a beta of 1.09. Disco has a 12 month low of $19.98 and a 12 month high of $42.93. The business has a fifty day moving average price of $26.19 and a 200 day moving average price of $31.52.

Disco (OTCMKTS:DSCSY - Get Free Report) last posted its earnings results on Thursday, October 17th. The company reported $0.18 EPS for the quarter. The company had revenue of $646.84 million during the quarter. Disco had a return on equity of 27.79% and a net margin of 29.12%. On average, equities analysts anticipate that Disco will post 0.74 EPS 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.

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