Denso Corp. (OTCMKTS:DNZOY) Short Interest Down 61.2% in July

Key Points

• Denso Corp. experienced a significant decline in short interest, dropping 61.2% in July, with a total of 41,400 shares shorted by the end of the month.
• The company's stock traded up 1.6% to $14.42, with recent trading volume exceeding its average by about 30,000 shares.
• Denso reported earnings of $0.20 per share for the quarter, missing estimates by $0.08 and generating revenue of $11.78 billion.

Denso Corp. (OTCMKTS:DNZOY - Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 41,400 shares, adropof61.2% from the July 15th total of 106,600 shares. Based on an average trading volume of 112,200 shares, the short-interest ratio is presently 0.4 days. Currently,0.0% of the company's shares are short sold. Currently,0.0% of the company's shares are short sold. Based on an average trading volume of 112,200 shares, the short-interest ratio is presently 0.4 days.

Denso Trading Up 1.6%

Shares of DNZOY stock traded up $0.22 on Friday, reaching $14.42. 75,836 shares of the company's stock were exchanged, compared to its average volume of 45,495. Denso has a 52 week low of $10.96 and a 52 week high of $16.20. The company has a current ratio of 1.85, a quick ratio of 1.28 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $41.98 billion, a PE ratio of 15.18 and a beta of 1.00. The company's fifty day simple moving average is $13.60 and its 200 day simple moving average is $13.13.

Denso (OTCMKTS:DNZOY - Get Free Report) last issued 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). Denso had a return on equity of 7.63% and a net margin of 5.62%. The business had revenue of $11.78 billion for the quarter, compared to the consensus estimate of $1,767.34 billion. As a group, analysts forecast that Denso will post 1.05 EPS 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.

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