Denso Corp. (OTCMKTS:DNZOY) Short Interest Down 52.0% in July

Denso Corp. (OTCMKTS:DNZOY) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 59,802 shares, a drop of 52.0% from the July 15th total of 124,659 shares. Based on an average trading volume of 182,343 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Denso Price Performance

Shares of DNZOY opened at $12.20 on Monday. Denso has a twelve month low of $11.18 and a twelve month high of $15.85. The stock’s 50 day moving average is $12.02 and its two-hundred day moving average is $12.40. The firm has a market capitalization of $35.51 billion, a PE ratio of 11.84 and a beta of 0.95. The company has a current ratio of 2.09, a quick ratio of 1.41 and a debt-to-equity ratio of 0.10.

Denso (OTCMKTS:DNZOY) last issued its earnings results on Thursday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). The business had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $11.42 billion. Denso had a return on equity of 7.71% and a net margin of 5.59%. Research analysts anticipate that Denso will post 0.89 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on DNZOY. Zacks Research lowered Denso from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Citigroup downgraded Denso from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Denso has a consensus rating of “Reduce”.

Denso Company Profile

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.