Short Interest in Disco Corp (OTCMKTS:DSCSY) Rises By 87.5%

Disco Corp (OTCMKTS:DSCSY) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 103,500 shares, a growth of 87.5% from the September 30th total of 55,200 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 246,600 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 246,600 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Disco Stock Performance

Shares of OTCMKTS DSCSY opened at $33.22 on Monday. Disco has a 52 week low of $16.10 and a 52 week high of $37.00. The stock has a market capitalization of $36.03 billion, a P/E ratio of 43.14 and a beta of 1.49. The stock’s fifty day moving average is $31.57 and its 200 day moving average is $27.49.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.20 EPS for the quarter. Disco had a return on equity of 26.71% and a net margin of 30.85%.The company had revenue of $709.55 million for the quarter. Equities research analysts forecast that Disco will post 0.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.