Disco Co. (OTCMKTS:DSCSY) Short Interest Down 28.6% in March

Disco Co. (OTCMKTS:DSCSY) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 5,500 shares, a drop of 28.6% from the February 28th total of 7,700 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 255,400 shares, the short-interest ratio is currently 0.0 days.

Disco Stock Performance

Disco stock traded down $0.88 during midday trading on Friday, hitting $21.08. 78,585 shares of the company were exchanged, compared to its average volume of 251,618. The business has a fifty day simple moving average of $26.86 and a two-hundred day simple moving average of $26.93. Disco has a fifty-two week low of $21.08 and a fifty-two week high of $42.93. The firm has a market capitalization of $22.85 billion, a PE ratio of 28.88 and a beta of 1.03.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings data 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, equities analysts expect that Disco will post 0.7 earnings per share for the current year.

Analyst Ratings Changes

Separately, Nomura Securities upgraded 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.