Short Interest in Disco Corp (OTCMKTS:DSCSY) Decreases By 32.3%

Disco Corp (OTCMKTS:DSCSY) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 15,246 shares, a drop of 32.3% from the July 30th total of 22,522 shares. Based on an average daily volume of 456,589 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of Disco

An institutional investor recently bought a new position in Disco stock. Azimuth Capital Investment Management LLC acquired a new position in Disco Corp (OTCMKTS:DSCSY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 237,250 shares of the company’s stock, valued at approximately $11,862,000. 0.03% of the stock is owned by institutional investors and hedge funds.

Disco Stock Performance

Disco stock opened at $34.16 on Wednesday. Disco has a fifty-two week low of $24.94 and a fifty-two week high of $58.00. The firm’s 50-day simple moving average is $40.91 and its 200 day simple moving average is $43.68. The stock has a market cap of $37.07 billion, a PE ratio of 39.26 and a beta of 1.54.

Disco (OTCMKTS:DSCSY) last posted its earnings results on Thursday, July 23rd. The company reported $0.20 EPS for the quarter. Disco had a net margin of 31.65% and a return on equity of 26.03%. The firm had revenue of $717.28 million for the quarter. As a group, analysts predict that Disco will post 1.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Zacks Research downgraded Disco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Jefferies Financial Group upgraded Disco from a “hold” rating to a “buy” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

About Disco

Disco (OTCMKTS: DSCSY) is a manufacturer of precision processing equipment and consumables for the semiconductor and electronics industries. The company’s product portfolio includes wafer dicing saws, wafer thinning and grinding systems, laser dicing equipment, polishing systems, and diamond blades and wheels, along with associated tooling and process consumables designed for high-precision cutting and surface finishing.

Disco’s products are used in critical back-end semiconductor manufacturing steps such as dicing, singulation, thinning, surface preparation and polishing across applications including IC packaging, power devices, LEDs, MEMS and sensors.