Denso Corp. (OTCMKTS:DNZOY) Sees Significant Growth in Short Interest

Denso Corp. (OTCMKTS:DNZOY) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 155,296 shares, an increase of 195.4% from the September 15th total of 52,577 shares. Based on an average trading volume of 152,169 shares, the short-interest ratio is currently 1.0 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Denso from a “strong sell” rating to a “hold” rating in a report on Monday. Three investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Denso currently has an average rating of “Hold”.

Denso Price Performance

Shares of OTCMKTS:DNZOY opened at $11.66 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 2.12 and a debt-to-equity ratio of 0.19. Denso has a twelve month low of $11.18 and a twelve month high of $15.46. The firm has a market capitalization of $33.94 billion, a price-to-earnings ratio of 11.19 and a beta of 0.95. The stock’s 50 day moving average is $12.02 and its 200-day moving average is $11.98.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.04). Denso had a net margin of 5.59% and a return on equity of 7.85%. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $11.42 billion. Sell-side analysts forecast that Denso will post 0.89 EPS for the current fiscal year.

About Denso

DENSO Corporation (OTCMKTS:DNZOY) is a Japan-based global automotive supplier that develops and manufactures components and systems for vehicle manufacturers. The company serves automakers and mobility-related customers with technologies designed to improve vehicle safety, efficiency, comfort and environmental performance.

Its product portfolio includes thermal systems such as air-conditioning and refrigeration components, powertrain and electrification systems, automotive electronics, sensors, semiconductor-related products, cockpit and connectivity technologies, and advanced driver-assistance and safety systems.