Denso Corp. (OTCMKTS:DNZOY) Short Interest Up 319.8% in June

Denso Corp. (OTCMKTS:DNZOY) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 147,973 shares, a growth of 319.8% from the June 15th total of 35,246 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 408,968 shares, the short-interest ratio is currently 0.4 days.

Denso Stock Up 1.0%

OTCMKTS:DNZOY traded up $0.12 during mid-day trading on Friday, reaching $12.01. The stock had a trading volume of 102,610 shares, compared to its average volume of 231,266. The company has a market capitalization of $34.96 billion, a price-to-earnings ratio of 11.22 and a beta of 0.96. Denso has a 1-year low of $11.18 and a 1-year high of $15.85. The stock’s 50 day simple moving average is $11.82 and its two-hundred day simple moving average is $12.70. 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 (OTCMKTS:DNZOY) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. Denso had a return on equity of 8.29% and a net margin of 5.82%.The firm had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $11.85 billion. Equities analysts anticipate that Denso will post 0.95 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded shares of Denso from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.