Short Interest in Disco Co. (OTCMKTS:DSCSY) Decreases By 78.9%

Disco Co. (OTCMKTS:DSCSY) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 6,400 shares, a drop of 78.9% from the August 15th total of 30,400 shares. Based on an average daily trading volume, of 109,900 shares, the short-interest ratio is presently 0.1 days.

Disco Stock Down 0.2 %

OTCMKTS:DSCSY traded down $0.06 on Thursday, hitting $24.36. The stock had a trading volume of 279,374 shares, compared to its average volume of 111,333. Disco has a 52-week low of $16.66 and a 52-week high of $42.93. The stock has a market cap of $26.40 billion, a price-to-earnings ratio of 45.11 and a beta of 1.12. The business’s 50-day simple moving average is $30.93 and its two-hundred day simple moving average is $34.03.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings results on Thursday, July 18th. The company reported $0.14 earnings per share for the quarter. The business had revenue of $531.13 million for the quarter, compared to analysts’ expectations of $535.35 million. Disco had a net margin of 28.29% and a return on equity of 26.19%. As a group, equities research analysts anticipate that Disco will post 0.79 EPS 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.