Short Interest in DENSO Co. (OTCMKTS:DNZOY) Declines By 92.9%

DENSO Co. (OTCMKTS:DNZOY - Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 4,700 shares, a decrease of 92.9% from the April 30th total of 66,300 shares. Based on an average daily trading volume, of 266,400 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company's shares are sold short.

DENSO Trading Down 0.6%

Shares of OTCMKTS DNZOY traded down $0.08 during trading hours on Friday, reaching $13.40. The stock had a trading volume of 101,196 shares, compared to its average volume of 227,972. The business's fifty day moving average price is $12.69 and its two-hundred day moving average price is $13.29. The company has a current ratio of 1.92, a quick ratio of 1.32 and a debt-to-equity ratio of 0.08. The firm has a market cap of $39.01 billion, a price-to-earnings ratio of 13.14 and a beta of 1.01. DENSO has a 52-week low of $10.96 and a 52-week high of $16.58.

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

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein upgraded 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.