Disco Co. (OTCMKTS:DSCSY) Sees Significant Increase in Short Interest

Disco Co. (OTCMKTS:DSCSYGet Rating) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 18,000 shares, a growth of 1,284.6% from the April 15th total of 1,300 shares. Based on an average trading volume of 54,400 shares, the short-interest ratio is currently 0.3 days.

Shares of DSCSY stock traded up $1.19 during trading hours on Wednesday, hitting $47.75. The company’s stock had a trading volume of 49,572 shares, compared to its average volume of 57,865. The company has a 50 day moving average of $50.89 and a 200 day moving average of $55.58. The stock has a market cap of $8.62 billion, a PE ratio of 16.35 and a beta of 1.20. Disco has a 12-month low of $46.04 and a 12-month high of $66.54.

Separately, Zacks Investment Research raised shares of Disco from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Monday, April 11th.

Disco Company Profile (Get Rating)

Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally. The company's precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws, as well as products for dicing before grinding process and package singulation.

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