Denso Corp. (OTCMKTS:DNZOY) Short Interest Up 319.8% in June

Denso Corp. (OTCMKTS:DNZOY) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 147,973 shares, an increase of 319.8% from the June 15th total of 35,246 shares. Based on an average daily trading volume, of 408,968 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded shares of Denso from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Denso Stock Performance

OTCMKTS:DNZOY traded up $0.12 during midday trading on Friday, reaching $12.01. 102,610 shares of the company traded hands, compared to its average volume of 231,266. The firm has a market capitalization of $34.96 billion, a price-to-earnings ratio of 11.22 and a beta of 0.96. The company has a fifty day moving average price of $11.82 and a 200 day moving average price of $12.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.91 and a quick ratio of 1.28. Denso has a twelve month low of $11.18 and a twelve month high of $15.85.

Denso (OTCMKTS:DNZOY) last issued its earnings results on Monday, April 27th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. The firm had revenue of $12.80 billion for the quarter, compared to analyst estimates of $11.85 billion. Denso had a return on equity of 8.29% and a net margin of 5.82%. On average, analysts expect that Denso will post 0.95 EPS for the current fiscal year.

About Denso

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.