Short Interest in Disco Co. (OTCMKTS:DSCSY) Rises By 322.2%

Disco Co. (OTCMKTS:DSCSYGet Free Report) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 26,600 shares, an increase of 322.2% from the March 15th total of 6,300 shares. Based on an average trading volume of 62,400 shares, the days-to-cover ratio is currently 0.4 days.

Disco Trading Down 2.7 %

Shares of DSCSY stock traded down $1.01 during trading hours on Friday, hitting $35.89. 25,260 shares of the company’s stock were exchanged, compared to its average volume of 139,349. Disco has a fifty-two week low of $10.53 and a fifty-two week high of $38.73. The firm has a 50 day moving average of $33.18 and a two-hundred day moving average of $25.71.

Disco (OTCMKTS:DSCSYGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $521.41 million for the quarter. On average, equities research analysts expect that Disco will post 0.47 EPS for the current fiscal year.

About Disco

(Get Free Report)

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.

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