Denso Corp. (OTCMKTS:DNZOY) Sees Significant Growth in Short Interest

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 target 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 days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 110,700 shares, the days-to-cover ratio is currently 1.0 days.

Denso Stock Up 3.4%

Shares of DNZOY traded up $0.47 on Friday, hitting $14.38. The company's stock had a trading volume of 41,448 shares, compared to its average volume of 54,304. The company has a quick ratio of 1.28, a current ratio of 1.85 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $41.87 billion, a price-to-earnings ratio of 15.14 and a beta of 1.00. The firm's fifty day moving average price is $13.50 and its 200-day moving average price is $13.12. Denso has a fifty-two week low of $10.96 and a fifty-two week high of $16.20.

Denso (OTCMKTS:DNZOY - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.20 earnings per share (EPS) 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 the consensus estimate of $1,767.34 billion. On average, equities research analysts expect that Denso will post 1.05 EPS for the current year.

Wall Street Analyst Weigh In

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

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.