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The amount of short interest in CS Disco, Inc. (NYSE:LAW) has decreased by 7.0%.

The amount of short interest in CS Disco, Inc. (NYSE:LAW) has decreased by 7.0%.

During December, there was a sizeable drop in the aggregate number of short positions held in CS Disco, Inc. (NYSE: LAW). As of December 15, 1,070,000 shares were available for short salesitionsheld in CS Disco, Inc. (NYSE: LAW). As of December 15, there were a total of 1,070,000 shares available for a short sale. This represents a decrease of 7.0% from the 1,150,000 shares that were available for short sale one month earlier. Based on an average daily trading volume in the market of 364,400 shares, the short-interest ratio is 2.9 days. This is based on the fact that current investors are shorting the stock. Approximately 5.8 percent of the company’s total shares are being sold short right now.
In recent months, the company’s stock market has been the focus of activity from several major investors, who have been buying and selling shares.JPMorgan Chase & Co. increased the amount of CS Disco stock owned by 251.2% over the year’s first three months. After purchasing an additional 21,804 shares throughout the relevant period, JPMorgan Chase & Co. now has 30,483 shares of the company’s stock, giving it a market value of $1,035,000. During the relevant period, these shares were acquired. In addition, the Bank of New York Mellon Corporation increased its holdings in CS Disco by 804.8 percent during the first three months of 2018. Bank of New York Mellon Corp. now has 391,928 shares in its possession after the company purchased 348,613 shares during the most recent fiscal quarter. These shares are currently worth a total of $13,314,000 as of right now. During the first three months of 2018, MetLife Investment Management LLC increased the total number of shares of CS Disco it held in its portfolio by 57.0%. As a result of the purchase of an additional 2,806 shares during the preceding period, MetLife Investment Management LLC now holds a total of 7,729 shares of the company’s stock. The current market price for all of these shares is $263,000. In addition, Rhumbline Advisers increased the percentage of CS Disco shares it owned by 54.6% during the first three months of the year. Rhumbline Advisers has increased its holdings in the company’s stock by 5,529 since the beginning of the most recent two months, bringing the total value of those holdings to $532,000. And finally, during the first three months of this year, BlackRock Inc. increased the amount of CS Disco stock owned by 17.2 percent. BlackRock Inc. now has a total of 2,266,047 shares of the company, which are worth a combined total of $76,978 after the company made an additional purchase of 332,076 shares during the most recent fiscal quarter. Currently, 58.18% of the company’s shares are owned by hedge funds and other institutional investors.
Recently, the company has been in communication with a variety of analysts, and they have provided their feedback. Citigroup assigned a “buy” rating to shares of CS Disco in a research report published on Tuesday, November 1. At the same time, the firm lowered its price objective for the company from $27.00 to $18.00. The report’s subject matter was the company. The “underperform” rating was assigned to CS Disco by Bank of America in a research note published on Wednesday. Previously, the company had a “neutral” rating from a variety of analysts, and they have provided their feedback. Citigroup assigned a “buy” rating to shares of CS Disco in a research report published on Tuesday, November 1. At the same time, the firm lowered its price objective for the company from $27.00 to $18.00. The report’s subject matter was the company. The “underperform” rating was assigned to CS Disco by Bank of America in a research note published on Wednesday. Previously, the company had a “neutral” rating. In a research report released on Tuesday, September 27, Loop Capital lowered its price target for CS Disco from $32.00 to $10.00 and downgraded the stock from a “buy” rating to a “hold” rating. Both of these actions were taken about the company’s stock. On October 31, a research report was issued by Jefferies Financial Group with a “hold” rating and a target price reduction for shares of CS Disco from $12.00 to $11.00. The report was published with a date. On Monday, the research note was made available online. In a research note released on Friday, November 11, Needham & Firm LLC announced that they were decreasing their price goal for CS Disco from $35.00 to $15.00 and that they were maintaining their “buy” rating on the company. The note also stated that they maintained their “buy” rating on the company. Eight research analysts have recommended purchasing the company, five research analysts have recommended holding onto it, and one research analyst has recommended selling it. The company is currently rated as having a consensus rating of “Hold,” and its average price goal is $21.46. Bloomberg.com provided the information.
On Wednesday, LAW shares were made available for purchase for $6.05 per share. The company’s moving average over the previous 50 days is $7.96, and the moving average over the previous 200 days is $13.67. During the previous year, the cost of a copy of CS Disco saw prices as low as $5.68 and as high as $40.73, with the lowest price coming in at $5.68. On Thursday, November 10, after the market had closed for the day, CS Disco (NYSE: LAW) announced the results of its quarterly earnings report. The company has a price-to-earnings ratio of -5.76, and its market capitalization is $357.19 million at the moment.
Additionally, the beta value for the company is 2.04. The company reported earnings per share (EPS) of $0.33 for the quarter, which was $0.04 higher than the consensus estimate of $0.37 from financial analysts. However, the return on equity and the net margin at CS Disco was in the red. The return on equity was -23.58%, and the net margin was 44.84%. The company’s most recent quarter’s revenue came in at $34.48 million, which is significantly higher than the consensus projection of $33.04 million in revenue for the quarter. According to projections made by sell-side analysts, CS Disco will finish the current fiscal year with a loss of $1.26 per share.
The legal technology startup CS Disco, Inc. provides cloud-native and AI-powered legal solutions for e-discovery, legal document review, and case management to businesses, law offices, legal service providers, and governments. These solutions can be used for e-discovery, legal document review, and case management. E-discovery, the review of legal documents, and case management are the three areas addressed by these solutions. In addition, the company provides a product known as DISCO Ediscovery, which is a tool that streamlines the process of e-discovery and relieves legal departments of the time-consuming manual tasks that are involved in the gathering, processing, enriching, searching, evaluating, analyzing, and creating of enterprise data for use in legal proceedings.

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