Disco Co. (OTCMKTS:DSCSY) Short Interest Update

Disco Co. (OTCMKTS:DSCSY - Get Free Report) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 7,700 shares, a decrease of 13.5% from the February 13th total of 8,900 shares. Based on an average daily trading volume, of 220,100 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's stock are short sold.

Analysts Set New Price Targets

Separately, Nomura Securities upgraded shares of Disco to a "hold" rating in a research note on Friday, February 21st.

Disco Price Performance

Shares of OTCMKTS:DSCSY traded down $0.13 during trading on Friday, hitting $22.34. The company's stock had a trading volume of 200,420 shares, compared to its average volume of 263,258. Disco has a 12 month low of $21.21 and a 12 month high of $42.93. The firm has a market cap of $24.21 billion, a price-to-earnings ratio of 30.60 and a beta of 1.03. The company has a 50-day moving average of $27.52 and a 200-day moving average of $27.01.

Disco (OTCMKTS:DSCSY - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $0.19 EPS for the quarter. Disco had a return on equity of 28.36% and a net margin of 32.04%. As a group, research analysts anticipate that Disco will post 0.7 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.