Short Interest in Denso Corp. (OTCMKTS:DNZOY) Declines By 46.9%

Denso Corp. (OTCMKTS:DNZOY) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 31,722 shares, a drop of 46.9% from the January 29th total of 59,723 shares. Based on an average trading volume of 273,928 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 273,928 shares, the short-interest ratio is currently 0.1 days.

Denso Price Performance

Shares of DNZOY traded down $0.05 during trading hours on Friday, reaching $14.28. The company had a trading volume of 62,847 shares, compared to its average volume of 91,075. The company has a market capitalization of $41.57 billion, a price-to-earnings ratio of 15.52 and a beta of 1.06. Denso has a 12-month low of $10.96 and a 12-month high of $15.85. The firm has a 50 day simple moving average of $13.97 and a 200-day simple moving average of $14.07. The company has a current ratio of 1.91, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10.

Denso (OTCMKTS:DNZOY) last issued its earnings results on Tuesday, February 3rd. The company reported $0.34 earnings per share 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 company had revenue of $12.24 billion for the quarter, compared to analyst estimates of $11.88 billion. Research analysts expect that Denso will post 1.05 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.