Short Interest in Disco Co. (OTCMKTS:DSCSY) Drops By 50.3%

Disco Co. (OTCMKTS:DSCSY) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 43,800 shares, a decline of 50.3% from the October 31st total of 88,200 shares. Based on an average daily volume of 289,600 shares, the days-to-cover ratio is currently 0.2 days.

Disco Trading Down 0.2 %

Shares of OTCMKTS:DSCSY traded down $0.06 during mid-day trading on Friday, reaching $27.26. The company had a trading volume of 65,229 shares, compared to its average volume of 137,217. The company’s 50-day moving average price is $26.76 and its 200-day moving average price is $31.23. Disco has a one year low of $19.98 and a one year high of $42.93. The firm has a market cap of $29.54 billion, a price-to-earnings ratio of 42.59 and a beta of 1.09.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings results on Thursday, October 17th. The company reported $0.18 EPS for the quarter. Disco had a net margin of 29.12% and a return on equity of 27.79%. The firm had revenue of $646.84 million during the quarter. On average, research analysts anticipate that Disco will post 0.74 EPS for the current fiscal 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.