Disco Co. (OTCMKTS:DSCSY) Short Interest Up 86.8% in November

Disco Co. (OTCMKTS:DSCSY) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 81,800 shares, a growth of 86.8% from the November 15th total of 43,800 shares. Based on an average daily volume of 275,800 shares, the days-to-cover ratio is presently 0.3 days.

Disco Stock Performance

Shares of OTCMKTS:DSCSY traded down $0.12 during trading hours on Friday, hitting $26.47. The stock had a trading volume of 107,398 shares, compared to its average volume of 134,578. The stock’s fifty day simple moving average is $27.05 and its 200 day simple moving average is $30.68. Disco has a 1-year low of $22.43 and a 1-year high of $42.93. The firm has a market capitalization of $28.69 billion, a price-to-earnings ratio of 41.55 and a beta of 1.07.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings data on Thursday, October 17th. The company reported $0.18 EPS for the quarter. Disco had a net margin of 29.12% and a return on equity of 27.79%. The business had revenue of $646.84 million for the quarter. As a group, research analysts anticipate that Disco will post 0.74 EPS for the current 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.