Short Interest in DENSO Co. (OTCMKTS:DNZOY) Increases By 285.1%

DENSO Co. (OTCMKTS:DNZOY - Get Free Report) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 18,100 shares, a growth of 285.1% from the May 15th total of 4,700 shares. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 138,200 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised shares of DENSO to a "hold" rating in a research report on Monday, April 14th.

DENSO Stock Down 0.2%

OTCMKTS DNZOY traded down $0.03 during trading hours on Friday, hitting $13.30. 47,379 shares of the company traded hands, compared to its average volume of 217,005. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.32 and a current ratio of 1.92. The business's 50-day moving average is $12.88 and its 200-day moving average is $13.21. The stock has a market capitalization of $38.72 billion, a price-to-earnings ratio of 13.04 and a beta of 0.98. DENSO has a twelve month low of $10.96 and a twelve month high of $16.58.

DENSO (OTCMKTS:DNZOY - Get Free Report) last released its earnings results on Friday, April 25th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.04). DENSO had a net margin of 6.37% and a return on equity of 8.06%. The firm had revenue of $13.01 billion during the quarter, compared to the consensus estimate of $1,829.26 billion. Sell-side analysts anticipate that DENSO will post 1.05 earnings per share for the current 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.