Disco Co. (OTCMKTS:DSCSY) Short Interest Up 717.6% in December

Disco Co. (OTCMKTS:DSCSY) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 13,900 shares, a growth of 717.6% from the December 15th total of 1,700 shares. Based on an average trading volume of 176,400 shares, the days-to-cover ratio is currently 0.1 days.

Disco Trading Down 1.1 %

Shares of OTCMKTS DSCSY traded down $0.33 during midday trading on Monday, reaching $30.00. The company’s stock had a trading volume of 64,262 shares, compared to its average volume of 98,499. Disco has a fifty-two week low of $23.09 and a fifty-two week high of $42.93. The stock has a 50 day simple moving average of $27.74 and a 200-day simple moving average of $28.84. The stock has a market capitalization of $32.51 billion, a price-to-earnings ratio of 46.88 and a beta of 1.07.

Disco (OTCMKTS:DSCSY) last released its earnings results on Thursday, October 17th. The company reported $0.18 earnings per share (EPS) for the quarter. Disco had a return on equity of 27.79% and a net margin of 29.12%. The business had revenue of $646.84 million for the quarter. As a group, equities analysts anticipate that Disco will post 0.74 EPS for the current 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.