Disco Corp (OTCMKTS:DSCSY) Short Interest Update

Disco Corp (OTCMKTS:DSCSY) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 8,400 shares, a decline of 25.0% from the August 31st total of 11,200 shares. Based on an average daily trading volume, of 153,800 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 153,800 shares, the days-to-cover ratio is currently 0.1 days.

Disco Stock Performance

Shares of OTCMKTS:DSCSY opened at $34.95 on Wednesday. The stock’s 50-day simple moving average is $29.18 and its two-hundred day simple moving average is $25.52. The stock has a market capitalization of $37.90 billion, a price-to-earnings ratio of 46.60 and a beta of 1.49. Disco has a 52-week low of $16.10 and a 52-week high of $37.00.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. The firm had revenue of $622.39 million for the quarter, compared to analysts’ expectations of $575.52 million. Disco had a net margin of 30.90% and a return on equity of 26.62%. As a group, equities analysts forecast that Disco will post 0.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Macquarie upgraded shares of Disco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

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.