Denso Corp. (OTCMKTS:DNZOY) Short Interest Down 32.8% in September

Denso Corp. (OTCMKTS:DNZOY - Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 45,500 shares, a decrease of 32.8% from the August 31st total of 67,700 shares. Based on an average daily trading volume, of 63,700 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 63,700 shares, the short-interest ratio is currently 0.7 days.

Denso Trading Up 1.7%

Shares of DNZOY stock opened at $14.66 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.80 and a quick ratio of 1.25. The company has a market cap of $42.67 billion, a price-to-earnings ratio of 15.43 and a beta of 1.01. The stock has a 50 day simple moving average of $14.44 and a 200-day simple moving average of $13.51. Denso has a 1-year low of $10.96 and a 1-year high of $15.85.

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

Wall Street Analysts Forecast Growth

DNZOY has been the subject of a number of analyst reports. Zacks Research raised Denso from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. UBS Group downgraded Denso from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Denso 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.

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