DENSO Co. (OTCMKTS:DNZOY) Sees Significant Increase in Short Interest

DENSO Co. (OTCMKTS:DNZOY) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 223,700 shares, an increase of 577.9% from the March 15th total of 33,000 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 317,400 shares, the days-to-cover ratio is currently 0.7 days.

DENSO Trading Up 5.6 %

DENSO stock traded up $0.65 during midday trading on Wednesday, reaching $12.27. The stock had a trading volume of 435,570 shares, compared to its average volume of 268,921. The company has a quick ratio of 1.32, a current ratio of 1.92 and a debt-to-equity ratio of 0.08. The firm has a market cap of $35.72 billion, a price-to-earnings ratio of 12.03 and a beta of 0.99. DENSO has a 52-week low of $10.96 and a 52-week high of $18.85. The company has a fifty day moving average of $12.67 and a 200 day moving average of $13.59.

DENSO (OTCMKTS:DNZOY) last released its quarterly earnings data on Friday, February 7th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.03). DENSO had a net margin of 6.37% and a return on equity of 8.06%. On average, analysts anticipate that DENSO will post 1.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Sanford C. Bernstein upgraded shares of DENSO to a “hold” rating in a research report on Monday.

DENSO Company Profile

DENSO Corporation engages in the manufacture and sale of automotive parts in Japan, rest of Asia, North America, Europe, and internationally. The company offers air-conditioning systems, including thermal management heat pump system, heat pump air-conditioning systems, refrigerant products, personal heating and cooling devices, air quality system, heat exchangers, bus air-conditioning systems, automotive freezers, and cooling products, as well as heating, ventilation, and air-conditioning units.