Disco Corp (OTCMKTS:DSCSY) Stock Short Interest Report for September

Key Points

• Short interest fell 40.3% to 48,264 shares as of September 30, with a days-to-cover ratio of 0.1 and 0.0% of shares sold short.
• Analysts upgraded Disco to positive ratings, including “Buy” and “Strong Buy,” giving the stock an average rating of “Strong Buy.”
• Disco shares opened at $35.32, below their 50-day and 200-day moving averages. The company reported quarterly revenue of $717.28 million and earnings of $0.20 per share.

Disco Corp (OTCMKTS:DSCSY - Get Free Report) saw a significant decrease in short interest in 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. Based on an average daily trading volume, of 329,797 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DSCSY shares. Jefferies Financial Group upgraded shares of Disco from a "hold" rating to a "buy" rating in a report on Monday, July 27th. Zacks Research upgraded shares of Disco from a "hold" rating to a "strong-buy" rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Strong Buy".

Institutional Investors Weigh In On Disco

A hedge fund recently bought a new position in Disco stock. Azimuth Capital Investment Management LLC acquired a new position in shares of Disco Corp (OTCMKTS:DSCSY - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 OTCMKTS:DSCSY opened at $35.32 on Thursday. The company's fifty day moving average is $36.74 and its two-hundred day moving average is $41.53. The company has a market cap of $38.33 billion, a P/E ratio of 40.60 and a beta of 1.56. Disco has a 12-month low of $26.33 and a 12-month high of $58.00.

Disco (OTCMKTS:DSCSY - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $0.20 EPS for the quarter. Disco had a return on equity of 26.03% and a net margin of 31.65%. The business had revenue of $717.28 million during the quarter. Equities research analysts anticipate that Disco will post 1.11 earnings per share for the current year.

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.

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