Short Interest in Disco Co. (OTCMKTS:DSCSY) Declines By 13.5%

Disco Co. (OTCMKTS:DSCSY) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 7,700 shares, a decline of 13.5% from the February 13th total of 8,900 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 220,100 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Nomura Securities upgraded shares of Disco to a “hold” rating in a report on Friday, February 21st.

Disco Stock Down 3.5 %

DSCSY opened at $22.78 on Thursday. Disco has a 52 week low of $21.21 and a 52 week high of $42.93. The stock has a market cap of $24.69 billion, a PE ratio of 31.21 and a beta of 1.03. The business has a 50 day moving average of $27.83 and a 200-day moving average of $27.07.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.19 EPS for the quarter. Disco had a return on equity of 28.36% and a net margin of 32.04%. Equities analysts anticipate that Disco will post 0.7 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.