Short Interest in Denso Corp. (OTCMKTS:DNZOY) Declines By 84.4%

Denso Corp. (OTCMKTS:DNZOYGet Free Report) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 20,571 shares, a decline of 84.4% from the May 14th total of 132,138 shares. Based on an average daily trading volume, of 388,780 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Denso Stock Up 0.1%

DNZOY traded up $0.01 during trading hours on Friday, hitting $11.57. 27,167 shares of the company’s stock were exchanged, compared to its average volume of 178,166. The firm has a market cap of $33.69 billion, a P/E ratio of 10.81 and a beta of 0.95. Denso has a 12-month low of $11.18 and a 12-month 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 50 day moving average of $11.92 and a 200 day moving average of $12.91.

Denso (OTCMKTS:DNZOYGet Free Report) last posted its quarterly earnings results on Monday, April 27th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. The business had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $11.85 billion. Denso had a net margin of 5.82% and a return on equity of 8.29%. Analysts predict that Denso will post 0.95 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded Denso from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Denso currently has an average rating of “Hold”.

View Our Latest Analysis on Denso

Denso Company Profile

(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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