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

Disco Corp (OTCMKTS:DSCSY - Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 19,000 shares, a drop of 35.4% from the May 15th total of 29,400 shares. Based on an average trading volume of 178,200 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Nomura Securities raised Disco to a "hold" rating in a research note on Friday, February 21st.

Disco Stock Performance

Shares of Disco stock traded up $0.16 on Thursday, hitting $25.15. 271,816 shares of the company's stock were exchanged, compared to its average volume of 92,924. Disco has a 1 year low of $16.10 and a 1 year high of $42.93. The stock has a market capitalization of $27.27 billion, a PE ratio of 33.99 and a beta of 1.28. The company has a 50-day simple moving average of $21.77 and a 200-day simple moving average of $24.78.

Disco (OTCMKTS:DSCSY - Get Free Report) last announced its earnings results on Thursday, April 17th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.03. The firm had revenue of $791.78 million during the quarter, compared to analysts' expectations of $725.68 million. Disco had a return on equity of 27.83% and a net margin of 31.51%. On average, analysts expect that Disco will post 0.7 EPS for the current fiscal 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.