Disco Co. (OTCMKTS:DSCSY) Sees Large Decrease in Short Interest

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

Wall Street Analyst Weigh In

Separately, Nomura Securities upgraded shares of Disco to a “hold” rating in a research report on Friday, February 21st.

Disco Stock Down 1.8 %

Shares of OTCMKTS DSCSY opened at $27.06 on Friday. The company’s 50-day simple moving average is $29.00 and its 200-day simple moving average is $27.73. Disco has a 52-week low of $23.09 and a 52-week high of $42.93. The firm has a market cap of $29.33 billion, a price-to-earnings ratio of 37.07 and a beta of 1.07.

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