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

by · The Cerbat Gem

Denso Corp. (OTCMKTS:DNZOY – Get Free Report) was the target of a significant growth in short interest in 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. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 101,300 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 101,300 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the company’s stock are short sold.

Denso Stock Performance

Shares of OTCMKTS DNZOY opened at $14.73 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. 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 market cap of $42.88 billion, a PE ratio of 15.51 and a beta of 0.97. Denso has a 12-month low of $10.96 and a 12-month high of $15.85.

Denso (OTCMKTS:DNZOY – Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08). The business had revenue of $11.78 billion for 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%. On average, equities research analysts forecast that Denso will post 1.05 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. UBS Group downgraded Denso from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Zacks Research upgraded Denso from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Check Out Our Latest Research Report on DNZOY

Denso Company Profile

(Get Free Report)

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.

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