DENSO Co. (OTCMKTS:DNZOY) Sees Large Drop in Short Interest

DENSO Co. (OTCMKTS:DNZOY - Get Free Report) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 4,900 shares, a decline of 97.8% from the March 31st total of 223,700 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 1,102,200 shares, the short-interest ratio is currently 0.0 days.

DENSO Price Performance

DNZOY stock remained flat at $12.90 during trading on Thursday. 88,276 shares of the company's stock were exchanged, compared to its average volume of 258,307. DENSO has a twelve month low of $10.96 and a twelve month high of $17.55. The stock has a 50 day moving average price of $12.63 and a 200 day moving average price of $13.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.92 and a quick ratio of 1.32. The stock has a market cap of $37.55 billion, a P/E ratio of 12.65 and a beta of 0.99.

DENSO (OTCMKTS:DNZOY - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.04). The business had revenue of $13.01 billion for the quarter, compared to the consensus estimate of $1,829.26 billion. DENSO had a return on equity of 8.06% and a net margin of 6.37%. As a group, research analysts predict that DENSO will post 1.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.