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 target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 41,400 shares, adecreaseof61.2% from the July 15th total of 106,600 shares. Currently,0.0% of the company's stock are short sold. Based on an average daily volume of 112,200 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 112,200 shares, the days-to-cover ratio is presently 0.4 days. Currently,0.0% of the company's stock are short sold.

Denso Stock Down 1.4%

DNZOY traded down $0.20 during midday trading on Thursday, reaching $14.25. The company's stock had a trading volume of 31,090 shares, compared to its average volume of 47,924. The firm has a market capitalization of $41.48 billion, a price-to-earnings ratio of 15.21 and a beta of 1.00. The company has a current ratio of 1.85, a quick ratio of 1.28 and a debt-to-equity ratio of 0.09. Denso has a 1 year low of $10.96 and a 1 year high of $16.13. The stock's 50-day moving average is $13.66 and its 200-day moving average is $13.15.

Denso (OTCMKTS:DNZOY - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.08). The business had revenue of $11.78 billion during the quarter, compared to analysts' expectations of $1,767.34 billion. Denso had a return on equity of 7.63% and a net margin of 5.62%. As a group, research analysts expect 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.