Short Interest in DISCO CORP (OTCMKTS:DSCSY) Rises By 709.1%

Key Points

• Short interest in DISCO CORP increased by 709.1% in July, rising from 2,200 shares to 17,800 shares, with a days-to-cover ratio of 0.1 days based on the average daily volume of 189,800 shares.
• Macquarie upgraded DISCO shares from a "hold" rating to a "strong-buy" rating, indicating positive outlook from analysts.
• DISCO reported earnings of $0.15 EPS for the quarter, exceeding the expected $0.12 EPS with total revenue of $622.39 million, surpassing forecasts of $575.52 million.

DISCO CORP (OTCMKTS:DSCSY - Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 17,800 shares, anincreaseof709.1% from the July 15th total of 2,200 shares. Based on an average daily volume of 189,800 shares, the days-to-cover ratio is presently 0.1 days. Currently,0.0% of the shares of the company are sold short. Currently,0.0% of the shares of the company are sold short. Based on an average daily volume of 189,800 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Macquarie upgraded shares of DISCO from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 9th.

DISCO Price Performance

Shares of DISCO stock traded down $0.77 on Thursday, hitting $28.21. The company had a trading volume of 53,122 shares, compared to its average volume of 181,078. DISCO has a twelve month low of $16.10 and a twelve month high of $35.07. The stock has a 50-day moving average of $27.53 and a 200-day moving average of $24.87. The firm has a market capitalization of $30.59 billion, a P/E ratio of 37.61 and a beta of 1.36.

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

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