Short Interest in Denso Corp. (OTCMKTS:DNZOY) Expands By 74.5%

Denso Corp. (OTCMKTS:DNZOY) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 67,700 shares, a growth of 74.5% from the August 15th total of 38,800 shares. Based on an average daily volume of 101,300 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 101,300 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DNZOY. Zacks Research raised Denso from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. UBS Group lowered Denso from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Denso Stock Up 0.9%

OTCMKTS:DNZOY opened at $14.73 on Wednesday. The company has a market capitalization of $42.88 billion, a price-to-earnings ratio of 15.51 and a beta of 0.97. Denso has a one year low of $10.96 and a one year high of $15.85. The stock has a 50-day simple moving average of $14.14 and a 200 day simple moving average of $13.37. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.80.

Denso (OTCMKTS:DNZOY) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The firm had revenue of $11.78 billion during the quarter, compared to analyst estimates of $1,767.34 billion. Denso had a return on equity of 7.67% and a net margin of 5.62%. Sell-side analysts predict that Denso will post 1.05 EPS for the current fiscal year.

About Denso

DENSO Corporation engages in the manufacture and sale of automotive parts in Japan, rest of Asia, North America, Europe, and internationally. The company offers air-conditioning systems, including thermal management heat pump system, heat pump air-conditioning systems, refrigerant products, personal heating and cooling devices, air quality system, heat exchangers, bus air-conditioning systems, automotive freezers, and cooling products, as well as heating, ventilation, and air-conditioning units.