Denso Corp. (OTCMKTS:DNZOY) Sees Large Drop in Short Interest

Denso Corp. (OTCMKTS:DNZOY) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 20,571 shares, a decrease of 84.4% from the May 14th total of 132,138 shares. Based on an average daily trading volume, of 388,780 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

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

Denso Stock Performance

OTCMKTS:DNZOY traded down $0.24 during trading hours on Thursday, reaching $11.36. 60,782 shares of the company’s stock were exchanged, compared to its average volume of 177,386. The firm has a market capitalization of $33.07 billion, a price-to-earnings ratio of 10.62 and a beta of 0.95. The company has a 50-day moving average of $11.94 and a 200 day moving average of $12.92. 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 has a 1-year low of $11.29 and a 1-year high of $15.85.

Denso (OTCMKTS:DNZOY) last announced its earnings results on Monday, April 27th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Denso had a net margin of 5.82% and a return on equity of 8.29%. The business had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $11.85 billion. Research analysts anticipate that Denso will post 0.95 EPS for the current 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.