Disco Co. (OTCMKTS:DSCSY) Sees Large Decrease in Short Interest

Disco Co. (OTCMKTS:DSCSY – Get Rating) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 6,900 shares, a decrease of 15.9% from the May 15th total of 8,200 shares. Based on an average daily trading volume, of 29,000 shares, the short-interest ratio is presently 0.2 days.

Shares of DSCSY opened at $46.88 on Friday. The stock has a 50-day moving average price of $49.92 and a 200 day moving average price of $54.52. The company has a market capitalization of $8.46 billion, a P/E ratio of 16.05 and a beta of 1.19. Disco has a one year low of $45.87 and a one year high of $66.54.

Disco Company Profile (Get Rating)

Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally. The company's precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws, as well as products for dicing before grinding process and package singulation.

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