Short Interest in Disco Co. (OTCMKTS:DSCSY) Expands By 717.6%

Disco Co. (OTCMKTS:DSCSY) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 13,900 shares, an increase of 717.6% from the December 15th total of 1,700 shares. Based on an average daily volume of 176,400 shares, the short-interest ratio is presently 0.1 days.

Disco Trading Down 5.4 %

OTCMKTS:DSCSY traded down $1.62 during trading hours on Wednesday, hitting $28.14. The company’s stock had a trading volume of 79,945 shares, compared to its average volume of 103,809. Disco has a 52-week low of $23.09 and a 52-week high of $42.93. The stock has a market capitalization of $30.50 billion, a P/E ratio of 43.97 and a beta of 1.07. The stock has a fifty day moving average of $27.72 and a 200-day moving average of $28.71.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings data on Thursday, October 17th. The company reported $0.18 EPS for the quarter. The business had revenue of $646.84 million for the quarter. Disco had a return on equity of 27.79% and a net margin of 29.12%. On average, sell-side analysts forecast that Disco will post 0.74 earnings per share for the current year.

Disco Company Profile

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.