Disco Corp (OTCMKTS:DSCSY) Short Interest Update

Disco Corp (OTCMKTS:DSCSY) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 15,246 shares, a decline of 32.3% from the July 30th total of 22,522 shares. Based on an average trading volume of 456,589 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Disco Stock Down 0.8%

DSCSY stock opened at $35.85 on Tuesday. The business has a 50-day simple moving average of $41.23 and a 200 day simple moving average of $43.80. Disco has a 52 week low of $24.94 and a 52 week high of $58.00. The company has a market cap of $38.90 billion, a PE ratio of 41.21 and a beta of 1.55.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings data 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. On average, analysts anticipate that Disco will post 1.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Disco

An institutional investor recently bought a new stake in Disco stock. Azimuth Capital Investment Management LLC bought a new stake in Disco Corp (OTCMKTS:DSCSY) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 237,250 shares of the company’s stock, valued at approximately $11,862,000. Institutional investors own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on DSCSY shares. Jefferies Financial Group upgraded shares of Disco from a “hold” rating to a “buy” rating in a report on Monday, July 27th. Zacks Research cut shares of Disco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

About Disco

Disco (OTCMKTS: DSCSY) is a manufacturer of precision processing equipment and consumables for the semiconductor and electronics industries. The company’s product portfolio includes wafer dicing saws, wafer thinning and grinding systems, laser dicing equipment, polishing systems, and diamond blades and wheels, along with associated tooling and process consumables designed for high-precision cutting and surface finishing.

Disco’s products are used in critical back-end semiconductor manufacturing steps such as dicing, singulation, thinning, surface preparation and polishing across applications including IC packaging, power devices, LEDs, MEMS and sensors.