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

Disco Corp (OTCMKTS:DSCSY) was the recipient of a significant increase in short interest during the month of 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. Based on an average daily trading volume, of 657,421 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Disco

A hedge fund recently bought a new stake in Disco stock. Azimuth Capital Investment Management LLC bought a new position in shares of Disco Corp (OTCMKTS:DSCSY) in the second quarter, according to its most recent Form 13F filing 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.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded Disco from a “hold” rating to a “buy” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Disco Price Performance

Shares of DSCSY stock traded up $0.54 during mid-day trading on Thursday, hitting $37.24. The stock had a trading volume of 174,787 shares, compared to its average volume of 292,495. The firm has a market cap of $40.41 billion, a PE ratio of 42.81 and a beta of 1.54. The company’s 50-day simple moving average is $36.37 and its 200-day simple moving average is $41.83. Disco has a fifty-two week low of $26.33 and a fifty-two week high of $58.00.

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

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.