Disco Corp (OTCMKTS:DSCSY) Sees Significant Decrease in Short Interest

Disco Corp (OTCMKTS:DSCSY) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 48,264 shares, a decrease of 40.3% from the September 15th total of 80,847 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 329,797 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Disco

A hedge fund recently bought a new stake in Disco stock. Azimuth Capital Investment Management LLC acquired a new position in shares of Disco Corp (OTCMKTS:DSCSY) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 237,250 shares of the company’s stock, valued at approximately $11,862,000. Institutional investors own 0.03% of the company’s stock.

Disco Stock Down 4.9%

Shares of DSCSY stock traded down $1.70 during trading hours on Friday, hitting $32.85. 2,107,120 shares of the company were exchanged, compared to its average volume of 155,832. The firm has a market cap of $35.65 billion, a PE ratio of 37.76 and a beta of 1.56. Disco has a 1 year low of $26.33 and a 1 year high of $58.00. The firm has a fifty day moving average of $36.56 and a 200 day moving average of $41.43.

Disco (OTCMKTS:DSCSY) last released its earnings results on Thursday, July 23rd. The company reported $0.20 earnings per share (EPS) for the quarter. Disco had a net margin of 31.65% and a return on equity of 26.03%. The business had revenue of $717.28 million for the quarter. Analysts expect that Disco will post 1.11 earnings per share for the current year.

Wall Street Analyst Weigh In

DSCSY has been the subject of a number of analyst reports. Jefferies Financial Group raised Disco from a “hold” rating to a “buy” rating in a report on Monday, July 27th. Zacks Research upgraded Disco from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

About Disco

DISCO Corporation is a Japan-based manufacturer of precision equipment and tools used in semiconductor and electronic-component manufacturing. The company’s products support the processing of silicon and other hard, brittle materials, including wafer thinning, dicing, grinding, polishing and other precision separation processes.

Its product portfolio includes semiconductor manufacturing equipment, precision processing tools such as diamond wheels and blades, and related equipment and consumables.