Denso Corp. (OTCMKTS:DNZOY) Short Interest Update

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

Analyst Upgrades and Downgrades

DNZOY has been the subject of a number of analyst reports. Zacks Research lowered Denso from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Citigroup downgraded Denso from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Denso Stock Up 2.5%

OTCMKTS:DNZOY traded up $0.30 on Friday, reaching $12.20. 86,813 shares of the stock traded hands, compared to its average volume of 97,454. The company has a market capitalization of $35.51 billion, a price-to-earnings 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. The company’s fifty day simple moving average is $12.02 and its 200 day simple moving average is $12.41. Denso has a 12 month low of $11.18 and a 12 month high of $15.85.

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