Short Interest in Disco Co. (OTCMKTS:DSCSY) Grows By 717.6%

Disco Co. (OTCMKTS:DSCSY) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 13,900 shares, a growth of 717.6% from the December 31st total of 1,700 shares. Based on an average daily volume of 176,400 shares, the short-interest ratio is presently 0.1 days.

Disco Stock Performance

DSCSY stock traded up $0.74 during trading on Tuesday, hitting $29.49. The stock had a trading volume of 49,457 shares, compared to its average volume of 257,833. The stock has a market cap of $31.96 billion, a price-to-earnings ratio of 46.08 and a beta of 1.07. The company’s 50 day moving average price is $28.07 and its two-hundred day moving average price is $28.00. Disco has a 1-year low of $23.09 and a 1-year high of $42.93.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.19 earnings per share (EPS) for the quarter. Disco had a return on equity of 27.79% and a net margin of 29.12%. As a group, sell-side analysts forecast that Disco will post 0.74 earnings per share for the current fiscal year.

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.