Denso Corp. (OTCMKTS:DNZOY) Sees Significant Growth in Short Interest

Key Points

• Denso Corp. experienced a substantial rise in short interest, increasing by 48.1% in September, with total short interest reaching 67,400 shares.
• The company's recent quarterly earnings showed a miss on estimates, reporting $0.20 EPS compared to the expected $0.28 EPS, along with revenue of $11.78 billion.
• Analyst ratings for Denso have shifted, with Zacks upgrading the stock from "strong sell" to "hold," while UBS downgraded it from "strong buy" to "hold," resulting in a consensus rating of "Hold".

Denso Corp. (OTCMKTS:DNZOY - Get Free Report) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 67,400 shares, an increase of 48.1% from the September 15th total of 45,500 shares. Based on an average trading volume of 110,500 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 110,500 shares, the days-to-cover ratio is currently 0.6 days.

Denso Price Performance

Shares of OTCMKTS DNZOY opened at $14.92 on Thursday. Denso has a 52 week low of $10.96 and a 52 week high of $15.85. The business's 50 day moving average price is $14.59 and its 200 day moving average price is $13.67. The company has a quick ratio of 1.25, a current ratio of 1.80 and a debt-to-equity ratio of 0.09. The firm has a market cap of $43.43 billion, a P/E ratio of 15.71 and a beta of 1.01.

Denso (OTCMKTS:DNZOY - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.08). The business had revenue of $11.78 billion for the quarter, compared to analysts' expectations of $1,767.34 billion. Denso had a return on equity of 7.67% and a net margin of 5.62%. On average, sell-side analysts expect that Denso will post 1.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

DNZOY has been the topic of several recent analyst reports. Zacks Research upgraded shares of Denso from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. UBS Group cut shares of Denso from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.