Short Interest in Denso Corp. (OTCMKTS:DNZOY) Expands By 262.2%

Key Points

• Short interest surged 262.2% to 36,051 shares as of March 31, though that represents ~0.0% of shares short and a very low short-interest ratio of 0.1 days given average daily volume of 596,374 shares.
• Denso shares opened at $12.15 (down 1.2%), trading below the 50‑day ($13.08) and 200‑day ($13.62) moving averages, with a market cap of $35.37 billion and a P/E of 13.21.
• Recent results beat expectations—Q reported EPS $0.34 vs. $0.30 consensus and revenue of $12.24 billion—and analyst coverage is mixed with a consensus rating of Hold after upgrades and a Goldman Sachs downgrade.

Denso Corp. (OTCMKTS:DNZOY - Get Free Report) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 36,051 shares, an increase of 262.2% from the March 15th total of 9,953 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 596,374 shares, the short-interest ratio is presently 0.1 days.

Denso Stock Down 1.2%

DNZOY stock opened at $12.15 on Friday. The firm's fifty day simple moving average is $13.08 and its 200-day simple moving average is $13.62. The company has a market capitalization of $35.37 billion, a P/E ratio of 13.21 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.91 and a quick ratio of 1.28. Denso has a 12 month low of $11.33 and a 12 month high of $15.85.

Denso (OTCMKTS:DNZOY - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $12.24 billion for the quarter, compared to the consensus estimate of $11.88 billion. Denso had a net margin of 5.12% and a return on equity of 7.23%. As a group, equities research analysts forecast that Denso will post 1.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DNZOY shares. The Goldman Sachs Group downgraded shares of Denso from a "strong-buy" rating to a "neutral" rating in a research report on Wednesday, January 7th. Zacks Research raised shares of Denso from a "strong sell" rating to a "hold" rating in a research report on Monday, January 26th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

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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