Disco Co. (OTCMKTS:DSCSY) Short Interest Update

Disco Co. (OTCMKTS:DSCSY) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 19,000 shares, a decline of 35.4% from the May 15th total of 29,400 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 178,200 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

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

Disco Trading Up 4.8%

Shares of OTCMKTS:DSCSY opened at $24.03 on Tuesday. The stock has a market capitalization of $26.05 billion, a P/E ratio of 32.92 and a beta of 1.28. The stock’s 50-day moving average price is $21.41 and its 200-day moving average price is $24.80. Disco has a 12-month low of $16.10 and a 12-month high of $42.93.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings results on Thursday, April 17th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $791.78 million for the quarter, compared to analysts’ expectations of $725.68 million. Disco had a return on equity of 28.36% and a net margin of 32.04%. As a group, research analysts predict that Disco will post 0.7 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.