DISCO CORP (OTCMKTS:DSCSY) Short Interest Down 25.0% in September

DISCO CORP (OTCMKTS:DSCSY) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 8,400 shares, a drop of 25.0% from the August 31st total of 11,200 shares. Based on an average daily trading volume, of 153,800 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 153,800 shares, the short-interest ratio is currently 0.1 days.

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 issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

DISCO Stock Performance

OTCMKTS:DSCSY opened at $34.74 on Thursday. The stock has a 50-day simple moving average of $29.31 and a two-hundred day simple moving average of $25.59. DISCO has a 52-week low of $16.10 and a 52-week high of $37.00. The firm has a market capitalization of $37.67 billion, a PE ratio of 46.32 and a beta of 1.49.

DISCO (OTCMKTS:DSCSY) last released its quarterly earnings results on Thursday, July 17th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. DISCO had a return on equity of 26.62% and a net margin of 30.90%.The business had revenue of $622.39 million during the quarter, compared to analyst estimates of $575.52 million. Equities analysts forecast that DISCO will post 0.7 earnings per share for the current fiscal year.

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.