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DENSO Co. (OTCMKTS:DNZOY) Short Interest Up 842.9% in March


DENSO Co. (OTCMKTS:DNZOY) Short Interest Up 842.9% in March

DENSO Co. (OTCMKTS:DNZOY - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 33,000 shares, an increase of 842.9% from the February 28th total of 3,500 shares. Based on an average daily volume of 340,500 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

DNZOY stock traded down $0.01 during midday trading on Wednesday, hitting $13.48. 97,734 shares of the company traded hands, compared to its average volume of 213,502. DENSO has a twelve month low of $12.24 and a twelve month high of $19.74. The stock has a market capitalization of $39.24 billion, a price-to-earnings ratio of 13.22 and a beta of 1.04. The company has a quick ratio of 1.32, a current ratio of 1.92 and a debt-to-equity ratio of 0.08. The business has a 50 day simple moving average of $13.22 and a 200-day simple moving average of $13.88.

DENSO (OTCMKTS:DNZOY - Get Free Report) last posted its earnings results on Friday, February 7th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.03). DENSO had a net margin of 6.37% and a return on equity of 8.06%. As a group, equities research analysts predict that DENSO will post 1.05 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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