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

Disco Co. (OTCMKTS:DSCSY) saw a significant drop in short interest in the month of 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 255,400 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

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

Disco Trading Down 4.3 %

Shares of Disco stock traded down $0.91 on Tuesday, hitting $20.17. 185,107 shares of the company traded hands, compared to its average volume of 250,152. The company has a market cap of $21.86 billion, a P/E ratio of 27.63 and a beta of 1.03. Disco has a 12-month low of $19.14 and a 12-month high of $42.93. The firm’s 50-day simple moving average is $26.69 and its 200 day simple moving average is $26.92.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $0.19 earnings per share (EPS) for the quarter. Disco had a return on equity of 28.36% and a net margin of 32.04%. Analysts predict that Disco will post 0.7 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.