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

Denso Corp. (OTCMKTS:DNZOY) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 67,400 shares, an increase of 48.1% from the September 15th total of 45,500 shares. Based on an average trading volume of 110,500 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 110,500 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. UBS Group cut shares of Denso from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, Denso presently has an average rating of “Hold”.

Denso Trading Up 0.8%

Shares of DNZOY stock opened at $14.92 on Thursday. Denso has a 1-year low of $10.96 and a 1-year high of $15.85. The company has a market cap of $43.43 billion, a price-to-earnings ratio of 15.71 and a beta of 1.01. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.80 and a quick ratio of 1.25. The stock has a 50 day simple moving average of $14.59 and a 200-day simple moving average of $13.67.

Denso (OTCMKTS:DNZOY) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). The company had revenue of $11.78 billion during the quarter, compared to analysts’ expectations of $1,767.34 billion. Denso had a return on equity of 7.67% and a net margin of 5.62%. On average, equities research analysts expect that Denso will post 1.05 EPS for the current fiscal year.

Denso Company Profile

DENSO Corporation engages in the manufacture and sale of automotive parts in Japan, rest of Asia, North America, Europe, and internationally. The company offers air-conditioning systems, including thermal management heat pump system, heat pump air-conditioning systems, refrigerant products, personal heating and cooling devices, air quality system, heat exchangers, bus air-conditioning systems, automotive freezers, and cooling products, as well as heating, ventilation, and air-conditioning units.