Disco Co. (OTCMKTS:DSCSY) Short Interest Update

Disco Co. (OTCMKTS:DSCSY) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 5,500 shares, a decrease of 28.6% from the February 28th total of 7,700 shares. Based on an average daily trading volume, of 255,400 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Disco Trading Down 4.0 %

Shares of OTCMKTS:DSCSY traded down $0.88 during trading on Friday, reaching $21.08. The company had a trading volume of 78,585 shares, compared to its average volume of 251,618. Disco has a 12 month low of $21.08 and a 12 month high of $42.93. The stock has a market capitalization of $22.85 billion, a P/E ratio of 28.88 and a beta of 1.03. The company has a fifty day moving average of $26.86 and a two-hundred day moving average of $26.93.

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

Analyst Ratings Changes

Separately, Nomura Securities upgraded Disco to a “hold” rating in a research note 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.