Denso Corp. (OTCMKTS:DNZOY) Short Interest Down 49.5% in August

Denso Corp. (OTCMKTS:DNZOYGet Free Report) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 30,186 shares, a drop of 49.5% from the July 30th total of 59,802 shares. Based on an average daily volume of 164,543 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Denso Price Performance

Denso stock opened at $11.86 on Monday. 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 firm has a market capitalization of $34.52 billion, a P/E ratio of 11.51 and a beta of 0.95. The business has a 50-day moving average of $12.06 and a 200-day moving average of $12.29. Denso has a 1 year low of $11.18 and a 1 year high of $15.85.

Denso (OTCMKTS:DNZOYGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04). Denso had a return on equity of 7.85% and a net margin of 5.59%.The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $11.42 billion. On average, equities analysts anticipate that Denso will post 0.89 EPS for the current year.

Analyst Ratings Changes

DNZOY has been the topic of a number of recent analyst reports. Zacks Research lowered Denso from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Citigroup lowered Denso from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce”.

Check Out Our Latest Stock Report on DNZOY

About Denso

(Get Free Report)

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.

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