Denso Corp. (OTCMKTS:DNZOY) Short Interest Update

Denso Corp. (OTCMKTS:DNZOY) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 67,400 shares, a growth of 48.1% from the September 15th total of 45,500 shares. Based on an average trading volume of 110,500 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 110,500 shares, the short-interest ratio is presently 0.6 days.

Analysts Set New Price Targets

A number of research firms have commented on DNZOY. Zacks Research raised shares of Denso from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. UBS Group lowered shares of Denso from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, Denso currently has a consensus rating of “Hold”.

Denso Trading Up 1.2%

Shares of OTCMKTS DNZOY opened at $15.00 on Friday. The company’s fifty day moving average is $14.61 and its 200-day moving average is $13.72. The stock has a market cap of $43.66 billion, a price-to-earnings ratio of 15.79 and a beta of 1.01. Denso has a twelve month low of $10.96 and a twelve month high of $15.85. The company has a quick ratio of 1.25, a current ratio of 1.80 and a debt-to-equity ratio of 0.09.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The firm had revenue of $11.78 billion for the quarter, compared to the consensus estimate of $1,767.34 billion. Denso had a return on equity of 7.67% and a net margin of 5.62%. Equities research analysts predict that Denso will post 1.05 EPS for the current year.

About Denso

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.