Denso Corp. (OTCMKTS:DNZOY) Short Interest Update

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

Denso Trading Down 4.0%

Shares of Denso stock opened at $11.98 on Friday. The firm has a market cap of $34.87 billion, a price-to-earnings ratio of 13.02 and a beta of 1.04. Denso has a twelve month low of $10.96 and a twelve month high of $15.85. The business has a 50-day moving average price of $13.82 and a 200-day moving average price of $13.97. 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 announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. Denso had a return on equity of 7.23% and a net margin of 5.12%.The firm had revenue of $12.24 billion during the quarter, compared to analyst estimates of $11.88 billion. Equities research analysts anticipate that Denso will post 1.05 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on DNZOY shares. Zacks Research raised Denso from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. The Goldman Sachs Group downgraded Denso from a “strong-buy” rating to a “neutral” rating in a research note on Wednesday, January 7th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Denso currently has an average 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.