Denso Corp. (OTCMKTS:DNZOY) Sees Significant Growth in Short Interest

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

Analysts Set New Price Targets

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

Denso Stock Performance

Shares of DNZOY stock opened at $11.94 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. Denso has a 12-month low of $11.18 and a 12-month high of $15.85. The business’s 50 day moving average is $11.78 and its two-hundred day moving average is $12.76. The company has a market capitalization of $34.76 billion, a P/E ratio of 11.16 and a beta of 0.96.

Denso (OTCMKTS:DNZOY) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $11.85 billion. Denso had a return on equity of 8.29% and a net margin of 5.82%. Analysts expect that Denso will post 0.95 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.