Short Interest in Denso Corp. (OTCMKTS:DNZOY) Increases By 71.3%

Denso Corp. (OTCMKTS:DNZOY) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 35,246 shares, an increase of 71.3% from the May 31st total of 20,571 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 685,502 shares, the short-interest ratio is currently 0.1 days.

Denso Price Performance

OTCMKTS DNZOY traded up $0.39 on Thursday, reaching $11.89. The company’s stock had a trading volume of 103,228 shares, compared to its average volume of 191,591. Denso has a 52 week low of $11.18 and a 52 week high of $15.85. The company has a current ratio of 1.91, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. The firm has a market cap of $34.61 billion, a PE ratio of 11.11 and a beta of 0.95. The business has a 50-day moving average price of $11.78 and a 200 day moving average price of $12.77.

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

Analyst Upgrades and Downgrades

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

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.