DENSO Co. (OTCMKTS:DNZOY) Sees Significant Increase in Short Interest

DENSO Co. (OTCMKTS:DNZOY) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 42,000 shares, an increase of 164.2% from the January 15th total of 15,900 shares. Based on an average daily trading volume, of 474,300 shares, the days-to-cover ratio is currently 0.1 days.

DENSO Stock Performance

Shares of OTCMKTS DNZOY traded down $0.23 during midday trading on Wednesday, hitting $12.60. 390,189 shares of the company’s stock traded hands, compared to its average volume of 224,695. DENSO has a 1 year low of $12.33 and a 1 year high of $19.74. The firm has a fifty day moving average of $13.68 and a 200 day moving average of $14.31. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 1.97. The stock has a market capitalization of $36.68 billion, a price-to-earnings ratio of 12.35 and a beta of 1.01.

DENSO (OTCMKTS:DNZOY) last released its earnings results on Friday, February 7th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.03). DENSO had a return on equity of 8.04% and a net margin of 6.37%. On average, analysts forecast that DENSO will post 1.05 earnings per share for the current year.

About DENSO

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.