Disco Co. (OTCMKTS:DSCSY) Short Interest Up 1,315.8% in April

Disco Co. (OTCMKTS:DSCSY - Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 80,700 shares, a growth of 1,315.8% from the March 31st total of 5,700 shares. Based on an average daily volume of 567,700 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company's stock are sold short.

Wall Street Analyst Weigh In

Separately, Nomura Securities raised Disco to a "hold" rating in a research report on Friday, February 21st.

Disco Trading Up 1.9 %

Shares of DSCSY traded up $0.38 during midday trading on Friday, reaching $20.17. The stock had a trading volume of 49,268 shares, compared to its average volume of 261,200. The firm has a market cap of $21.86 billion, a PE ratio of 27.63 and a beta of 1.23. The firm has a 50 day simple moving average of $22.07 and a 200-day simple moving average of $25.92. Disco has a one year low of $16.10 and a one year high of $42.93.

Disco (OTCMKTS:DSCSY - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. Disco had a return on equity of 28.36% and a net margin of 32.04%. The firm had revenue of $791.78 million for the quarter, compared to analyst estimates of $725.68 million. As a group, research analysts forecast that Disco will post 0.7 EPS 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.

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