Denso Corp. (OTCMKTS:DNZOY) Short Interest Update

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. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 408,968 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

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

Denso Trading Up 1.9%

DNZOY stock traded up $0.22 during mid-day trading on Tuesday, hitting $12.07. 55,448 shares of the company were exchanged, compared to its average volume of 187,906. The business has a fifty day simple moving average of $11.82 and a 200-day simple moving average of $12.68. The firm has a market capitalization of $35.14 billion, a P/E ratio of 11.28 and a beta of 0.96. Denso has a 12-month low of $11.18 and a 12-month high of $15.85. The company has a quick ratio of 1.28, a current ratio of 1.91 and a debt-to-equity ratio of 0.10.

Denso (OTCMKTS:DNZOY) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Denso had a return on equity of 8.29% and a net margin of 5.82%.The business had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $11.85 billion. On average, equities research analysts predict that Denso will post 0.95 earnings per share for the current fiscal year.

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.