Denso Corp. (OTCMKTS:DNZOY) Stock Short Interest Declines 62.8%

Denso Corp. (OTCMKTS:DNZOY) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 57,781 shares, a decline of 62.8% from the September 30th total of 155,296 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 347,881 shares, the days-to-cover ratio is currently 0.2 days.

Denso Trading Down 0.4%

Shares of Denso stock traded down $0.05 on Friday, hitting $11.67. 77,813 shares of the company traded hands, compared to its average volume of 162,582. The company has a current ratio of 2.12, a quick ratio of 1.44 and a debt-to-equity ratio of 0.19. The company has a market cap of $33.97 billion, a PE ratio of 11.33 and a beta of 0.95. The stock’s 50 day moving average price is $11.92 and its 200-day moving average price is $12.35. Denso has a 52 week low of $11.17 and a 52 week high of $14.98.

Denso (OTCMKTS:DNZOY) last issued its earnings results on Wednesday, October 28th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05). Denso had a net margin of 5.59% and a return on equity of 7.85%. The firm had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $11.99 billion. Equities research analysts predict that Denso will post 0.89 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Three equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Denso has a consensus rating of “Hold”.

Denso Company Profile

DENSO Corporation is a Japan-based global automotive supplier that develops and manufactures technologies and components for vehicle manufacturers and mobility customers. Its products support vehicle thermal management, electrification, powertrain systems, vehicle motion control, cockpit and connectivity functions, and advanced safety.

The company’s offerings include air-conditioning and refrigeration systems, compressors, alternators, starters, fuel-injection and engine-management components, electric motors, inverters, sensors, electronic control units, and driver-assistance technologies.