Denso Corp. (OTCMKTS:DNZOY) Short Interest Up 74.5% in August

Key Points

• Denso Corp. experienced a significant increase in short interest of 74.5% during August, with total short interest rising to 67,700 shares by the end of the month.
• Equities analysts have varied opinions on Denso's stock, with Zacks Research upgrading it from "strong sell" to "hold," while UBS Group downgraded it from "strong-buy" to "hold," resulting in a consensus rating of "Hold."
• In its latest quarterly report, Denso reported earnings per share of $0.20, missing analysts' expectations of $0.28, and generated revenues of $11.78 billion, below the consensus estimate.

Denso Corp. (OTCMKTS:DNZOY - Get Free Report) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 67,700 shares, a growth of 74.5% from the August 15th total of 38,800 shares. Based on an average daily volume of 101,300 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the company's stock are short sold. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 101,300 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DNZOY shares. Zacks Research raised shares of Denso from a "strong sell" rating to a "hold" rating in a research note on Monday, September 1st. UBS Group cut shares of Denso from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

Denso Price Performance

OTCMKTS DNZOY traded down $0.01 during trading on Monday, hitting $14.49. 8,953 shares of the company's stock were exchanged, compared to its average volume of 156,047. The company has a market cap of $42.19 billion, a PE ratio of 15.25 and a beta of 0.97. The company has a current ratio of 1.80, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. The stock's 50 day moving average price is $14.08 and its two-hundred day moving average price is $13.35. Denso has a fifty-two week low of $10.96 and a fifty-two week high of $15.85.

Denso (OTCMKTS:DNZOY - Get Free Report) last released 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 the consensus estimate of $1,767.34 billion. Denso had a return on equity of 7.67% and a net margin of 5.62%. 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.

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