Denso Corp. (OTCMKTS:DNZOY) Short Interest Update

Key Points

• Denso’s short interest fell 49.5% to 30,186 shares as of August 14, from 59,802 shares on July 30. Short interest represents approximately 0.0% of shares outstanding, with a days-to-cover ratio of 0.2.
• Analyst sentiment is cautious: Zacks Research downgraded Denso to “strong sell,” while Citigroup lowered its rating to “hold.” The stock has an average analyst rating of “Reduce.”
• Denso reported quarterly EPS of $0.16, below the $0.20 consensus estimate, though revenue of $12.01 billion exceeded expectations of $11.42 billion. Shares recently opened at $11.86, near the lower end of their 12-month range.

Denso Corp. (OTCMKTS:DNZOY - Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 30,186 shares, a drop of 49.5% from the July 30th total of 59,802 shares. Based on an average daily volume of 164,543 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

DNZOY has been the subject of several recent analyst reports. Zacks Research cut shares of Denso from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 12th. Citigroup cut shares of Denso from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce".

Denso Stock Performance

Shares of Denso stock opened at $11.86 on Friday. The business's fifty day simple moving average is $12.06 and its 200 day simple moving average is $12.30. The company has a current ratio of 2.09, a quick ratio of 1.41 and a debt-to-equity ratio of 0.10. Denso has a 12 month low of $11.18 and a 12 month high of $15.85. The firm has a market capitalization of $34.52 billion, a P/E ratio of 11.51 and a beta of 0.95.

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

Denso Company Profile

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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