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

Denso Corp. (OTCMKTS:DNZOY) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 67,400 shares, an increase of 48.1% from the September 15th total of 45,500 shares. Based on an average trading volume of 110,500 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 110,500 shares, the days-to-cover ratio is currently 0.6 days.

Denso Price Performance

Shares of OTCMKTS DNZOY opened at $14.92 on Thursday. Denso has a 52 week low of $10.96 and a 52 week high of $15.85. The business’s 50 day moving average price is $14.59 and its 200 day moving average price is $13.67. The company has a quick ratio of 1.25, a current ratio of 1.80 and a debt-to-equity ratio of 0.09. The firm has a market cap of $43.43 billion, a P/E ratio of 15.71 and a beta of 1.01.

Denso (OTCMKTS:DNZOY) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The business had revenue of $11.78 billion for the quarter, compared to analysts’ expectations of $1,767.34 billion. Denso had a return on equity of 7.67% and a net margin of 5.62%. On average, sell-side analysts expect that Denso will post 1.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

DNZOY has been the topic of several recent analyst reports. Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. UBS Group cut shares of Denso from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Denso

DENSO Corporation engages in the manufacture and sale of automotive parts in Japan, rest of Asia, North America, Europe, and internationally. The company offers air-conditioning systems, including thermal management heat pump system, heat pump air-conditioning systems, refrigerant products, personal heating and cooling devices, air quality system, heat exchangers, bus air-conditioning systems, automotive freezers, and cooling products, as well as heating, ventilation, and air-conditioning units.