Disco Co. (OTCMKTS:DSCSY) Short Interest Down 9.4% in October

Disco Co. (OTCMKTS:DSCSY) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 88,200 shares, a decline of 9.4% from the October 15th total of 97,300 shares. Based on an average trading volume of 1,017,500 shares, the days-to-cover ratio is currently 0.1 days.

Disco Trading Up 2.3 %

Shares of DSCSY stock opened at $27.40 on Tuesday. Disco has a 1-year low of $19.98 and a 1-year high of $42.93. The company has a market capitalization of $29.70 billion, a price-to-earnings ratio of 41.84 and a beta of 1.09. The stock’s fifty day simple moving average is $26.19 and its 200-day simple moving average is $31.54.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings results on Thursday, October 17th. The company reported $0.18 earnings per share for the quarter. The business had revenue of $646.84 million for the quarter. Disco had a return on equity of 27.79% and a net margin of 29.12%. On average, sell-side analysts predict 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.