Short Interest in Disco Co. (OTCMKTS:DSCSY) Expands By 717.6%

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

Disco Stock Performance

Shares of DSCSY traded down $0.24 during mid-day trading on Monday, reaching $29.76. The company had a trading volume of 120,245 shares, compared to its average volume of 107,678. The company has a market capitalization of $32.25 billion, a price-to-earnings ratio of 46.50 and a beta of 1.07. The firm has a 50-day moving average price of $27.74 and a 200 day moving average price of $28.84. Disco has a 52 week low of $23.09 and a 52 week high of $42.93.

Disco (OTCMKTS:DSCSY - Get Free Report) last released its earnings results on Thursday, October 17th. The company reported $0.18 EPS for the quarter. Disco had a return on equity of 27.79% and a net margin of 29.12%. The business had revenue of $646.84 million for the quarter. As a group, research 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.