Denso Corp. (OTCMKTS:DNZOY) Short Interest Down 46.9% in February

Denso Corp. (OTCMKTS:DNZOY) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 31,722 shares, a decrease of 46.9% from the January 29th total of 59,723 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 273,928 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 273,928 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Several analysts have issued reports on DNZOY shares. Zacks Research raised Denso from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. The Goldman Sachs Group lowered shares of Denso from a “strong-buy” rating to a “neutral” rating in a research note on Wednesday, January 7th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Denso presently has an average rating of “Hold”.

Denso Price Performance

DNZOY traded down $0.05 during trading on Friday, reaching $14.28. The company’s stock had a trading volume of 62,847 shares, compared to its average volume of 91,075. The company has a market cap of $41.57 billion, a price-to-earnings ratio of 15.52 and a beta of 1.06. The firm has a fifty day simple moving average of $13.97 and a two-hundred day simple moving average of $14.07. Denso has a 1 year low of $10.96 and a 1 year high of $15.85. The company has a quick ratio of 1.16, a current ratio of 1.91 and a debt-to-equity ratio of 0.10.

Denso (OTCMKTS:DNZOY) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm had revenue of $12.24 billion during the quarter, compared to analysts’ expectations of $11.88 billion. Denso had a net margin of 5.12% and a return on equity of 7.23%. As a group, analysts anticipate that Denso will post 1.05 EPS for the current year.

About Denso

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.