Denso Corp. (OTCMKTS:DNZOY) Short Interest Update

Key Points

• Denso’s short interest fell 52% to 59,802 shares as of July 31, representing approximately 0.0% of shares outstanding and just 0.3 days of average trading volume to cover.
• The stock recently traded at $12.20, near its 52-week range of $11.18 to $15.85. Denso reported quarterly EPS of $0.16, missing estimates by $0.04, while revenue of $12.01 billion exceeded expectations.
• Analyst sentiment is cautious: Zacks Research downgraded Denso to “strong sell,” while Citigroup cut its rating to “hold.” The stock has an overall MarketBeat consensus rating of “Reduce.”

Denso Corp. (OTCMKTS:DNZOY - Get Free Report) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 59,802 shares, a decrease of 52.0% from the July 15th total of 124,659 shares. Based on an average daily volume of 182,343 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company's stock are short sold.

Denso Price Performance

OTCMKTS DNZOY traded up $0.30 on Friday, hitting $12.20. The stock had a trading volume of 86,813 shares, compared to its average volume of 97,454. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.41 and a current ratio of 2.09. Denso has a 52-week low of $11.18 and a 52-week high of $15.85. The company has a market capitalization of $35.51 billion, a price-to-earnings ratio of 11.84 and a beta of 0.95. The firm has a 50-day moving average of $12.02 and a 200-day moving average of $12.41.

Denso (OTCMKTS:DNZOY - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.04). The business had revenue of $12.01 billion for the quarter, compared to analysts' expectations of $11.42 billion. Denso had a return on equity of 7.71% and a net margin of 5.59%. Equities analysts expect that Denso will post 0.89 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Zacks Research lowered shares of Denso from a "hold" rating to a "strong sell" rating in a report on Wednesday. Citigroup cut Denso from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 13th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Reduce".

About Denso

Denso Corporation OTCMKTS: DNZOY is a global supplier of automotive technology, systems and components headquartered in Kariya, Aichi Prefecture, Japan. The company designs, manufactures and supplies a wide range of parts and systems for original equipment manufacturers (OEMs) and the aftermarket. Denso's offerings span thermal systems, powertrain control, electrification components, electronic modules, sensors and actuators, and vehicle safety and driver assistance technologies.

Key product areas include climate control and HVAC components, radiators and heat exchangers, engine and fuel-management systems, starters and alternators, electronic control units (ECUs), sensors, and a growing portfolio of electrification products such as inverters, battery-management systems and charging components.

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