Denso Corp. (OTCMKTS:DNZOY) Short Interest Up 73.7% in February

Denso Corp. (OTCMKTS:DNZOY) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 55,103 shares, an increase of 73.7% from the February 12th total of 31,722 shares. Based on an average trading volume of 95,197 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 95,197 shares, the days-to-cover ratio is currently 0.6 days.

Denso Stock Down 4.0%

Denso stock opened at $11.98 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.91 and a quick ratio of 1.28. The company’s 50-day moving average is $13.82 and its 200-day moving average is $13.97. The firm has a market capitalization of $34.87 billion, a PE ratio of 13.02 and a beta of 1.04. Denso has a fifty-two week low of $10.96 and a fifty-two week high of $15.85.

Denso (OTCMKTS:DNZOY) last issued its earnings results on Tuesday, February 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating 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 business had revenue of $12.24 billion during the quarter, compared to the consensus estimate of $11.88 billion. Sell-side analysts anticipate that Denso will post 1.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DNZOY. The Goldman Sachs Group downgraded shares of Denso from a “strong-buy” rating to a “neutral” rating in a report on Wednesday, January 7th. Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Denso Company Profile

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.