Denso Corp. (OTCMKTS:DNZOY) Short Interest Update

Denso Corp. (OTCMKTS:DNZOY) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 51,777 shares, a growth of 522.3% from the December 15th total of 8,320 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 95,841 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 95,841 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are short sold.

Denso Price Performance

OTCMKTS DNZOY traded up $0.10 during mid-day trading on Monday, hitting $14.12. The stock had a trading volume of 85,168 shares, compared to its average volume of 103,244. The company has a 50 day simple moving average of $13.45 and a 200 day simple moving average of $13.98. The company has a market cap of $41.10 billion, a price-to-earnings ratio of 16.42 and a beta of 1.07. Denso has a 52-week low of $10.96 and a 52-week high of $15.85. The company has a quick ratio of 1.16, a current ratio of 1.73 and a debt-to-equity ratio of 0.07.

Denso (OTCMKTS:DNZOY) last posted its earnings results on Friday, October 31st. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.31). Denso had a net margin of 4.92% and a return on equity of 6.84%. The firm had revenue of $11.91 billion during the quarter, compared to analyst estimates of $11.67 billion. Equities analysts forecast that Denso will post 1.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DNZOY shares. The Goldman Sachs Group lowered Denso from a “strong-buy” rating to a “neutral” rating in a report on Wednesday. Zacks Research cut Denso from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

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.