Denso Corp. (OTCMKTS:DNZOY) Short Interest Update

Key Points

• Denso Corp. experienced a significant increase in short interest, rising 81.0% from June to a total of 106,600 shares by July 15th.
• The company reported earnings of $0.20 per share in its last quarterly earnings, falling short of the consensus estimate of $0.28.
• Sanford C. Bernstein has upgraded Denso's stock rating to "hold", indicating a more positive outlook from Wall Street analysts.

Denso Corp. (OTCMKTS:DNZOY - Get Free Report) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 106,600 shares, agrowthof81.0% from the June 30th total of 58,900 shares. Based on an average daily volume of 110,700 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 110,700 shares, the short-interest ratio is currently 1.0 days.

Denso Stock Performance

OTCMKTS DNZOY opened at $14.09 on Wednesday. Denso has a 1-year low of $10.96 and a 1-year high of $16.20. The company has a market capitalization of $41.02 billion, a P/E ratio of 14.83 and a beta of 1.00. The business has a 50 day moving average price of $13.46 and a 200 day moving average price of $13.11. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.85 and a quick ratio of 1.28.

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 the consensus estimate of $0.28 by ($0.08). Denso had a net margin of 5.62% and a return on equity of 7.63%. The firm had revenue of $11.78 billion during the quarter, compared to analysts' expectations of $1,767.34 billion. Sell-side analysts expect that Denso will post 1.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised Denso to a "hold" rating in a research note on Monday, April 14th.

Denso Company Profile

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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