Disco Co. (OTCMKTS:DSCSY) Sees Significant Decrease in Short Interest

Disco Co. (OTCMKTS:DSCSY - Get Free Report) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 5,500 shares, a decline of 28.6% from the February 28th total of 7,700 shares. Based on an average trading volume of 255,400 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Disco Stock Up 0.9 %

Shares of OTCMKTS DSCSY traded up $0.18 during midday trading on Thursday, reaching $20.41. 156,653 shares of the company were exchanged, compared to its average volume of 248,120. The stock's 50-day moving average price is $26.21 and its 200-day moving average price is $26.84. The stock has a market cap of $22.12 billion, a P/E ratio of 27.96 and a beta of 1.03. Disco has a one year low of $19.14 and a one year high of $42.93.

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

Analyst Upgrades and Downgrades

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

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.