Disco Co. (OTCMKTS:DSCSY) Short Interest Down 24.7% in January

Disco Co. (OTCMKTS:DSCSY) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 47,800 shares, a decrease of 24.7% from the January 15th total of 63,500 shares. Based on an average daily trading volume, of 546,600 shares, the short-interest ratio is presently 0.1 days.

Disco Trading Up 1.4 %

Shares of Disco stock opened at $29.89 on Friday. The stock has a market capitalization of $32.40 billion, a price-to-earnings ratio of 40.95 and a beta of 1.07. Disco has a twelve month low of $23.09 and a twelve month high of $42.93. The business’s 50 day simple moving average is $28.45 and its 200-day simple moving average is $27.71.

Disco (OTCMKTS:DSCSY) last issued its earnings results on Thursday, January 23rd. The company reported $0.19 earnings per share for the quarter. Disco had a return on equity of 28.92% and a net margin of 32.04%. Sell-side analysts predict that Disco will post 0.72 earnings per share for the current 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.