Disco Corp (OTCMKTS:DSCSY) Stock Short Interest Falls 40.3%

Disco Corp (OTCMKTS:DSCSY) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 48,264 shares, a decrease of 40.3% from the September 15th total of 80,847 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 329,797 shares, the days-to-cover ratio is presently 0.1 days.

Disco Trading Down 4.9%

OTCMKTS DSCSY opened at $35.32 on Thursday. Disco has a 1-year low of $26.33 and a 1-year high of $58.00. The company has a market capitalization of $38.33 billion, a PE ratio of 40.60 and a beta of 1.56. The firm’s fifty day simple moving average is $36.74 and its 200-day simple moving average is $41.53.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.20 earnings per share (EPS) for the quarter. Disco had a return on equity of 26.03% and a net margin of 31.65%. The business had revenue of $717.28 million during the quarter. As a group, analysts predict that Disco will post 1.11 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on DSCSY shares. Zacks Research upgraded shares of Disco from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Jefferies Financial Group upgraded shares of Disco from a “hold” rating to a “buy” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Disco stock. Azimuth Capital Investment Management LLC bought a new position in Disco Corp (OTCMKTS:DSCSY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 237,250 shares of the company’s stock, valued at approximately $11,862,000. Hedge funds and other institutional investors own 0.03% of the company’s stock.

About Disco

DISCO Corporation is a Japan-based manufacturer of precision equipment and tools used in semiconductor and electronic-component manufacturing. The company’s products support the processing of silicon and other hard, brittle materials, including wafer thinning, dicing, grinding, polishing and other precision separation processes.

Its product portfolio includes semiconductor manufacturing equipment, precision processing tools such as diamond wheels and blades, and related equipment and consumables.