Denso Corp. (OTCMKTS:DNZOY) Sees Significant Decrease in Short Interest

Denso Corp. (OTCMKTS:DNZOY) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 30,186 shares, a decrease of 49.5% from the July 30th total of 59,802 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 164,543 shares, the days-to-cover ratio is presently 0.2 days.

Denso Price Performance

Shares of DNZOY opened at $11.86 on Friday. The company’s 50-day moving average price is $12.06 and its 200 day moving average price is $12.30. Denso has a 12-month low of $11.18 and a 12-month high of $15.85. The company has a current ratio of 2.09, a quick ratio of 1.41 and a debt-to-equity ratio of 0.10. The firm has a market cap of $34.52 billion, a P/E ratio of 11.51 and a beta of 0.95.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Denso had a net margin of 5.59% and a return on equity of 7.71%. The company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $11.42 billion. On average, sell-side analysts forecast that Denso will post 0.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DNZOY shares. Zacks Research lowered shares of Denso from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. Citigroup lowered Denso from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Denso Company Profile

Denso Corporation (OTCMKTS: DNZOY) is a global supplier of automotive technology, systems and components headquartered in Kariya, Aichi Prefecture, Japan. The company designs, manufactures and supplies a wide range of parts and systems for original equipment manufacturers (OEMs) and the aftermarket. Denso’s offerings span thermal systems, powertrain control, electrification components, electronic modules, sensors and actuators, and vehicle safety and driver assistance technologies.

Key product areas include climate control and HVAC components, radiators and heat exchangers, engine and fuel-management systems, starters and alternators, electronic control units (ECUs), sensors, and a growing portfolio of electrification products such as inverters, battery-management systems and charging components.