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

Denso Corp. (OTCMKTS:DNZOY) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 155,296 shares, an increase of 195.4% from the September 15th total of 52,577 shares. Based on an average trading volume of 152,169 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Denso from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. 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 has a consensus rating of “Reduce”.

Denso Price Performance

OTCMKTS DNZOY opened at $11.53 on Tuesday. The company has a 50-day moving average price of $12.03 and a two-hundred day moving average price of $11.99. Denso has a 52 week low of $11.18 and a 52 week high of $15.46. The stock has a market cap of $33.56 billion, a price-to-earnings ratio of 11.19 and a beta of 0.95. The company has a current ratio of 2.12, a quick ratio of 1.44 and a debt-to-equity ratio of 0.19.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.04). The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $11.42 billion. Denso had a net margin of 5.59% and a return on equity of 7.85%. Analysts forecast that Denso will post 0.89 EPS for the current year.

About Denso

DENSO Corporation (OTCMKTS:DNZOY) is a Japan-based global automotive supplier that develops and manufactures components and systems for vehicle manufacturers. The company serves automakers and mobility-related customers with technologies designed to improve vehicle safety, efficiency, comfort and environmental performance.

Its product portfolio includes thermal systems such as air-conditioning and refrigeration components, powertrain and electrification systems, automotive electronics, sensors, semiconductor-related products, cockpit and connectivity technologies, and advanced driver-assistance and safety systems.