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

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) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 17,800 shares, anincreaseof709.1% from the July 15th total of 2,200 shares. Approximately0.0% of the shares of the stock are short sold. Based on an average daily volume of 189,800 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 189,800 shares, the short-interest ratio is presently 0.1 days. Approximately0.0% of the shares of the stock are short sold.

DISCO Trading Down 1.0%

Shares of OTCMKTS:DSCSY traded down $0.27 during trading on Tuesday, reaching $27.64. The company's stock had a trading volume of 57,781 shares, compared to its average volume of 77,280. DISCO has a 12 month low of $16.10 and a 12 month high of $35.07. The firm's 50 day simple moving average is $27.97 and its two-hundred day simple moving average is $24.81. The stock has a market capitalization of $29.97 billion, a PE ratio of 36.85 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. DISCO had a net margin of 30.90% and a return on equity of 26.62%. The firm had revenue of $622.39 million during the quarter, compared to the consensus estimate of $575.52 million. Research analysts anticipate that DISCO will post 0.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Macquarie upgraded 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 assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy".

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.