Denso Corp. (OTCMKTS:DNZOY) Short Interest Update

Denso Corp. (OTCMKTS:DNZOY) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 20,571 shares, a drop of 84.4% from the May 14th total of 132,138 shares. Based on an average trading volume of 388,780 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Denso Trading Down 1.3%

Shares of DNZOY stock opened at $11.85 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.91 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $11.94 and a two-hundred day moving average price of $12.93. Denso has a 12-month low of $11.39 and a 12-month high of $15.85. The firm has a market cap of $34.50 billion, a P/E ratio of 11.07 and a beta of 0.95.

Denso (OTCMKTS:DNZOY) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. Denso had a return on equity of 8.29% and a net margin of 5.82%.The firm had revenue of $12.80 billion during the quarter, compared to analyst estimates of $11.85 billion. Equities analysts anticipate that Denso will post 0.95 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Citigroup lowered Denso from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average 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.