Disco Corp (OTCMKTS:DSCSY) Sees Large Growth in Short Interest

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

Wall Street Analyst Weigh In

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

Disco Stock Performance

Shares of OTCMKTS:DSCSY opened at $33.22 on Friday. The firm has a 50 day simple moving average of $31.57 and a 200 day simple moving average of $27.43. Disco has a 52 week low of $16.10 and a 52 week high of $37.00. The company has a market cap of $36.03 billion, a PE ratio of 43.14 and a beta of 1.49.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.20 earnings per share for the quarter. Disco had a net margin of 30.85% and a return on equity of 26.71%. The firm had revenue of $709.55 million for the quarter. On average, equities analysts predict that Disco will post 0.7 earnings per share 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.