Disco Corp (OTCMKTS:DSCSY) Sees Significant Increase in Short Interest

Disco Corp (OTCMKTS:DSCSY) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 80,847 shares, an increase of 75.0% from the August 31st total of 46,196 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 657,421 shares, the short-interest ratio is currently 0.1 days.

Disco Trading Up 3.4%

OTCMKTS:DSCSY opened at $37.95 on Friday. Disco has a twelve month low of $26.33 and a twelve month high of $58.00. The company has a market cap of $41.18 billion, a PE ratio of 43.62 and a beta of 1.56. The company’s 50 day moving average is $36.35 and its two-hundred day moving average is $41.79.

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

Hedge Funds Weigh In On Disco

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

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised Disco from a “hold” rating to a “buy” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

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.