Denso Corp. (OTCMKTS:DNZOY) Short Interest Up 71.3% in June

Denso Corp. (OTCMKTS:DNZOY) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 35,246 shares, an increase of 71.3% from the May 31st total of 20,571 shares. Based on an average daily volume of 685,502 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Denso Price Performance

DNZOY opened at $11.94 on Friday. The stock’s 50 day simple moving average is $11.78 and its 200 day simple moving average is $12.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.91 and a quick ratio of 1.28. Denso has a 1 year low of $11.18 and a 1 year high of $15.85. The firm has a market cap of $34.76 billion, a price-to-earnings ratio of 11.16 and a beta of 0.96.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Denso had a return on equity of 8.29% and a net margin of 5.82%.The business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $11.85 billion. As a group, analysts predict that Denso will post 0.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded shares of Denso from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

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.