Denso Corp. (OTCMKTS:DNZOY) Stock Short Interest Declines 62.8%

Denso Corp. (OTCMKTS:DNZOY) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 57,781 shares, a decrease of 62.8% from the September 30th total of 155,296 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 347,881 shares, the short-interest ratio is currently 0.2 days.

Denso Trading Down 0.3%

DNZOY traded down $0.03 during mid-day trading on Friday, reaching $11.69. The stock had a trading volume of 145,862 shares, compared to its average volume of 189,919. The stock has a market capitalization of $34.03 billion, a P/E ratio of 11.35 and a beta of 0.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.44 and a current ratio of 2.12. The firm’s fifty day simple moving average is $11.91 and its two-hundred day simple moving average is $12.34. Denso has a 52 week low of $11.17 and a 52 week high of $14.98.

Denso (OTCMKTS:DNZOY) last released its earnings results on Wednesday, October 28th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05). Denso had a return on equity of 7.74% and a net margin of 5.57%. The firm had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $11.99 billion. On average, equities analysts predict that Denso will post 0.89 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Denso from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Three investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, Denso currently has an average rating of “Hold”.

About Denso

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.