Disco Corp (OTCMKTS:DSCSY) Short Interest Update

Key Points

• Disco Corp (OTCMKTS:DSCSY) experienced a significant rise in short interest in August, increasing by 47.4% to a total of 11,200 shares.
• The stock received an upgrade from Macquarie, changing its rating from "hold" to "strong-buy", contributing to an average rating of "buy" among analysts.
• Disco's stock rose to $30.02 per share during mid-day trading, with the company's recent earnings exceeding expectations by reporting $0.15 earnings per share compared to a consensus of $0.12.

Disco Corp (OTCMKTS:DSCSY - Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 11,200 shares, an increase of 47.4% from the August 15th total of 7,600 shares. Based on an average trading volume of 118,500 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 118,500 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Macquarie upgraded shares of Disco from a "hold" rating to a "strong-buy" rating in a 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 data from MarketBeat, the stock presently has an average rating of "Buy".

Disco Price Performance

Shares of DSCSY stock traded up $2.16 during mid-day trading on Tuesday, hitting $30.02. The stock had a trading volume of 27,282 shares, compared to its average volume of 166,621. Disco has a fifty-two week low of $16.10 and a fifty-two week high of $35.07. The company's 50-day simple moving average is $28.07 and its 200-day simple moving average is $24.44. The firm has a market cap of $32.56 billion, a PE ratio of 40.03 and a beta of 1.44.

Disco (OTCMKTS:DSCSY - Get Free Report) last posted its 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 during the quarter, compared to the consensus estimate of $575.52 million. Disco had a net margin of 30.90% and a return on equity of 26.62%. On average, analysts expect that Disco will post 0.7 EPS 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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