Disco Co. (OTCMKTS:DSCSY) Short Interest Down 81.4% in February

Disco Co. (OTCMKTS:DSCSY) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 8,900 shares, a decline of 81.4% from the January 31st total of 47,800 shares. Based on an average daily trading volume, of 970,600 shares, the days-to-cover ratio is currently 0.0 days.

Disco Stock Down 2.3 %

Shares of OTCMKTS:DSCSY traded down $0.66 during trading on Thursday, hitting $27.56. The stock had a trading volume of 55,658 shares, compared to its average volume of 294,177. The company has a market capitalization of $29.87 billion, a PE ratio of 37.75 and a beta of 1.07. The firm’s fifty day moving average is $28.99 and its 200 day moving average is $27.73. Disco has a 12 month low of $23.09 and a 12 month high of $42.93.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.19 earnings per share (EPS) for the quarter. Disco had a return on equity of 28.36% and a net margin of 32.04%. Equities research analysts expect that Disco will post 0.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Nomura Securities raised shares of Disco to a “hold” rating in a research note 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.