Short Interest in Denso Corp. (OTCMKTS:DNZOY) Rises By 73.7%

Denso Corp. (OTCMKTS:DNZOY) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 55,103 shares, a growth of 73.7% from the February 12th total of 31,722 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 95,197 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 95,197 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

DNZOY has been the topic of a number of recent analyst reports. The Goldman Sachs Group downgraded shares of Denso from a “strong-buy” rating to a “neutral” rating in a research report on Wednesday, January 7th. Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Denso Trading Down 1.4%

Shares of DNZOY stock opened at $12.48 on Friday. The stock has a 50-day simple moving average of $13.85 and a 200 day simple moving average of $13.99. The stock has a market capitalization of $36.33 billion, a P/E ratio of 13.57 and a beta of 1.04. Denso has a fifty-two week low of $10.96 and a fifty-two week high of $15.85. 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 (OTCMKTS:DNZOY) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Denso had a net margin of 5.12% and a return on equity of 7.23%. The firm had revenue of $12.24 billion for the quarter, compared to analysts’ expectations of $11.88 billion. On average, sell-side analysts expect that Denso will post 1.05 earnings per share 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.