Short Interest in Disco Co. (OTCMKTS:DSCSY) Expands By 89.3%

Disco Co. (OTCMKTS:DSCSY - Get Free Report) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 97,300 shares, an increase of 89.3% from the September 30th total of 51,400 shares. Based on an average daily trading volume, of 144,200 shares, the days-to-cover ratio is currently 0.7 days.

Disco Price Performance

DSCSY traded down $0.11 during trading on Friday, reaching $24.70. The company had a trading volume of 1,243,464 shares, compared to its average volume of 120,489. Disco has a 12 month low of $16.66 and a 12 month high of $42.93. The business's fifty day moving average price is $26.17 and its 200 day moving average price is $31.98. The company has a market cap of $26.77 billion, a P/E ratio of 45.74 and a beta of 1.11.

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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