Denso Corp. (OTCMKTS:DNZOY – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 57,781 shares, a drop of 62.8% from the September 30th total of 155,296 shares. Based on an average daily volume of 347,881 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Denso from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Three research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on DNZOY
Denso Stock Performance
Shares of OTCMKTS:DNZOY traded up $0.35 during midday trading on Thursday, reaching $11.78. The company had a trading volume of 16,973 shares, compared to its average volume of 161,884. 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 stock has a market cap of $34.28 billion, a P/E ratio of 11.43 and a beta of 0.95. Denso has a 52-week low of $11.17 and a 52-week high of $15.37. The company’s 50 day moving average price is $11.92 and its 200 day moving average price is $12.37.
Denso (OTCMKTS:DNZOY – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.05). Denso had a net margin of 5.59% and a return on equity of 7.85%. The firm had revenue of $12.20 billion during the quarter, compared to the consensus estimate of $11.99 billion. As a group, sell-side analysts anticipate that Denso will post 0.89 EPS for the current fiscal year.
Denso Company Profile
DENSO Corporation is a Japan-based global automotive supplier that develops and manufactures technologies and components for vehicle manufacturers and mobility customers. Its products support vehicle thermal management, electrification, powertrain systems, vehicle motion control, cockpit and connectivity functions, and advanced safety.
The company’s offerings include air-conditioning and refrigeration systems, compressors, alternators, starters, fuel-injection and engine-management components, electric motors, inverters, sensors, electronic control units, and driver-assistance technologies.
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