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

Denso Corp. (OTCMKTS:DNZOY) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 8,320 shares, a growth of 302.7% from the November 30th total of 2,066 shares. Based on an average trading volume of 262,617 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 262,617 shares, the short-interest ratio is presently 0.0 days.

Denso Trading Up 0.4%

Shares of Denso stock traded up $0.06 on Friday, hitting $13.74. The stock had a trading volume of 29,282 shares, compared to its average volume of 92,916. The stock has a 50 day moving average of $13.66 and a 200 day moving average of $13.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.16 and a current ratio of 1.73. Denso has a twelve month low of $10.96 and a twelve month high of $15.85. The firm has a market capitalization of $40.00 billion, a P/E ratio of 15.98 and a beta of 1.12.

Denso (OTCMKTS:DNZOY) last released its quarterly earnings results on Friday, October 31st. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). The firm had revenue of $11.91 billion for the quarter, compared to the consensus estimate of $11.67 billion. Denso had a return on equity of 6.84% and a net margin of 4.92%. Sell-side analysts expect that Denso will post 1.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Denso from a “hold” rating to a “strong sell” rating in a research note on Friday, November 28th. 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, the stock currently has a consensus rating of “Reduce”.

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.