Disco Co. (OTCMKTS:DSCSY) Short Interest Down 81.4% in February

Disco Co. (OTCMKTS:DSCSY) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 8,900 shares, a drop of 81.4% from the January 31st total of 47,800 shares. Based on an average trading volume of 970,600 shares, the short-interest ratio is currently 0.0 days.

Disco Price Performance

OTCMKTS DSCSY traded down $0.66 during trading on Thursday, hitting $27.56. 55,658 shares of the company’s stock traded hands, compared to its average volume of 294,177. The stock has a fifty day moving average of $28.99 and a two-hundred day moving average of $27.73. Disco has a 12-month low of $23.09 and a 12-month high of $42.93. The firm has a market cap of $29.87 billion, a P/E ratio of 37.75 and a beta of 1.07.

Disco (OTCMKTS:DSCSY) last released its earnings results on Thursday, January 23rd. The company reported $0.19 earnings per share for the quarter. Disco had a return on equity of 28.36% and a net margin of 32.04%. As a group, analysts expect that Disco will post 0.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.