Short Interest in Denso Corp. (OTCMKTS:DNZOY) Drops By 49.5%

Denso Corp. (OTCMKTS:DNZOY) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 30,186 shares, a drop of 49.5% from the July 30th total of 59,802 shares. Based on an average daily volume of 164,543 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

Denso Price Performance

Shares of DNZOY remained flat at $11.86 on Friday. 64,986 shares of the company traded hands, compared to its average volume of 95,814. The company has a quick ratio of 1.41, a current ratio of 2.09 and a debt-to-equity ratio of 0.10. The stock has a market cap of $34.52 billion, a price-to-earnings ratio of 11.51 and a beta of 0.95. The firm has a 50-day moving average price of $12.06 and a 200 day moving average price of $12.30. Denso has a fifty-two week low of $11.18 and a fifty-two week high of $15.85.

Denso (OTCMKTS:DNZOY) last released its earnings results on Thursday, July 30th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.04). The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $11.42 billion. Denso had a return on equity of 7.71% and a net margin of 5.59%. Research analysts forecast that Denso will post 0.89 EPS for the current 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.