Denso Corp. (OTCMKTS:DNZOY) Short Interest Update

Denso Corp. (OTCMKTS:DNZOY) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 20,571 shares, a drop of 84.4% from the May 14th total of 132,138 shares. Based on an average trading volume of 388,780 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered shares of Denso from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, Denso currently has a consensus rating of “Hold”.

Denso Stock Performance

OTCMKTS:DNZOY opened at $11.85 on Wednesday. The business’s 50-day moving average price is $11.94 and its two-hundred day moving average price is $12.93. Denso has a twelve month low of $11.39 and a twelve month high of $15.85. The stock has a market cap of $34.50 billion, a P/E ratio of 11.07 and a beta of 0.95. 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 released its quarterly earnings results on Monday, April 27th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. Denso had a return on equity of 8.29% and a net margin of 5.82%.The firm had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $11.85 billion. As a group, equities analysts predict that Denso will post 0.95 EPS for the current fiscal year.

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.