DISCO CORP (OTCMKTS:DSCSY) Sees Significant Increase in Short Interest

Key Points

• DISCO CORP experienced a dramatic increase in short interest, rising by 557.1% from 8,400 shares to 55,200 shares in September.
• Macquarie upgraded DISCO's rating from "hold" to "strong-buy", contributing to an average rating of "Buy" among analysts.
• The company reported $0.15 earnings per share for its last quarter, surpassing expectations and indicating strong financial performance with a net margin of 30.90%.

DISCO CORP (OTCMKTS:DSCSY - Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 55,200 shares, a growth of 557.1% from the September 15th total of 8,400 shares. Based on an average trading volume of 237,300 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 237,300 shares, the short-interest ratio is currently 0.2 days.

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 investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy".

DISCO Stock Performance

OTCMKTS DSCSY traded down $0.03 during trading hours on Friday, hitting $34.84. The company had a trading volume of 26,789 shares, compared to its average volume of 162,687. The firm has a 50 day simple moving average of $30.02 and a 200 day simple moving average of $26.10. DISCO has a 52 week low of $16.10 and a 52 week high of $37.00. The firm has a market capitalization of $37.78 billion, a price-to-earnings ratio of 46.45 and a beta of 1.49.

DISCO (OTCMKTS:DSCSY - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. The firm had revenue of $622.39 million for the quarter, compared to analysts' expectations of $575.52 million. DISCO had a return on equity of 26.62% and a net margin of 30.90%. On average, research analysts forecast that DISCO will post 0.7 earnings per share for the current 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.

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