Denso Corp. (OTCMKTS:DNZOY) Short Interest Up 262.2% in March

Denso Corp. (OTCMKTS:DNZOY) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 36,051 shares, an increase of 262.2% from the March 15th total of 9,953 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 596,374 shares, the short-interest ratio is currently 0.1 days.

Denso Price Performance

Shares of OTCMKTS:DNZOY opened at $12.15 on Monday. The stock has a market cap of $35.37 billion, a price-to-earnings ratio of 13.21 and a beta of 1.05. The company has a quick ratio of 1.28, a current ratio of 1.91 and a debt-to-equity ratio of 0.10. Denso has a 12-month low of $11.33 and a 12-month high of $15.85. The business’s 50 day moving average is $13.08 and its 200 day moving average is $13.60.

Denso (OTCMKTS:DNZOY) last announced its earnings results on Tuesday, February 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $12.24 billion for the quarter, compared to analysts’ expectations of $11.88 billion. Denso had a return on equity of 7.23% and a net margin of 5.12%. On average, sell-side analysts forecast that Denso will post 1.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DNZOY has been the topic of several analyst reports. The Goldman Sachs Group cut Denso from a “strong-buy” rating to a “neutral” rating in a research report on Wednesday, January 7th. Zacks Research raised Denso from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock 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.