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

Key Points

• Short interest fell 32.3% to 15,246 shares as of August 14, down from 22,522 shares on July 30. Short interest represented 0.0% of shares outstanding, with a short-interest ratio of 0.0 days.
• Analyst sentiment remains generally positive: Jefferies upgraded Disco to “buy,” while Zacks Research downgraded it to “hold.” MarketBeat reports an overall “Moderate Buy” consensus.
• Azimuth Capital Investment Management initiated a position worth approximately $11.9 million, purchasing 237,250 shares. Disco recently reported quarterly revenue of $717.28 million and earnings of $0.20 per share.

Disco Corp (OTCMKTS:DSCSY - Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 15,246 shares, a drop of 32.3% from the July 30th total of 22,522 shares. Based on an average daily volume of 456,589 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Jefferies Financial Group raised Disco from a "hold" rating to a "buy" rating in a report on Monday, July 27th. Zacks Research cut shares of Disco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Disco currently has an average rating of "Moderate Buy".

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Disco stock. Azimuth Capital Investment Management LLC acquired a new stake in Disco Corp (OTCMKTS:DSCSY - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 237,250 shares of the company's stock, valued at approximately $11,862,000. Hedge funds and other institutional investors own 0.03% of the company's stock.

Disco Trading Down 0.8%

DSCSY stock opened at $35.85 on Tuesday. The stock has a market cap of $38.90 billion, a PE ratio of 41.21 and a beta of 1.55. The stock has a 50-day moving average price of $41.23 and a two-hundred day moving average price of $43.80. Disco has a 1 year low of $24.94 and a 1 year high of $58.00.

Disco (OTCMKTS:DSCSY - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.20 earnings per share for the quarter. Disco had a return on equity of 26.03% and a net margin of 31.65%.The firm had revenue of $717.28 million during the quarter. On average, analysts forecast that Disco will post 1.05 earnings per share for the current fiscal year.

Disco Company Profile

Disco OTCMKTS: DSCSY is a manufacturer of precision processing equipment and consumables for the semiconductor and electronics industries. The company's product portfolio includes wafer dicing saws, wafer thinning and grinding systems, laser dicing equipment, polishing systems, and diamond blades and wheels, along with associated tooling and process consumables designed for high-precision cutting and surface finishing.

Disco's products are used in critical back-end semiconductor manufacturing steps such as dicing, singulation, thinning, surface preparation and polishing across applications including IC packaging, power devices, LEDs, MEMS and sensors.

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