DENSO Co. (OTCMKTS:DNZOY) Sees Significant Decline in Short Interest

DENSO Co. (OTCMKTS:DNZOY) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 11,500 shares, a drop of 68.8% from the August 15th total of 36,900 shares. Based on an average daily trading volume, of 124,200 shares, the short-interest ratio is presently 0.1 days.

DENSO Stock Up 1.2 %

DNZOY stock traded up $0.17 during midday trading on Thursday, hitting $14.32. The company’s stock had a trading volume of 201,801 shares, compared to its average volume of 84,014. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.24 and a current ratio of 1.79. DENSO has a 52-week low of $13.64 and a 52-week high of $19.74. The firm has a 50-day simple moving average of $15.25 and a 200-day simple moving average of $16.62.

DENSO (OTCMKTS:DNZOY) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.21 EPS for the quarter. The business had revenue of $11.25 billion during the quarter. As a group, equities analysts predict that DENSO will post 1.25 EPS for the current year.

About DENSO

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.