DENSO Co. (OTCMKTS:DNZOY) Sees Significant Drop in Short Interest
April 30th total of 22,700 shares. Based on an average daily volume of 24,600 shares, the short-interest ratio is presently 0.4 days. The number of shares shorted in DENSO Co. decreased by 57% in the month of May.
( saw a substantial decrease in short-term interest in May. On May 15th there were 9,800 short shares. This is a 57.0% decrease from the total of 22,800 on April 30th. The short-interest rate is currently 0.4 days based on an average daily share volume of 27,600.
DENSO Price Performance
The price of the stock rose $0.32 to $31.53 at midday on Friday. The trading volume was 8,509 shares compared to the average of 14,355. The company's debt-to equity ratio is 0.14. Its quick ratio is 1.11, and its current ratio is 1.77. The stock's 50-day moving average is $28.83, and its 200-day moving average is $27.33. The company last released its earnings results Thursday, April 27th. The company's earnings per share were $0.59, which was $0.01 below the consensus estimate. Revenue for the quarter was $13.35 billion, which is higher than analyst expectations of $12.74. DENSO's return on equity was 7.09%, and its net margin was 4.91%. Analysts predict that DENSO's earnings per share will be 2.17 on average for the current fiscal period.
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DENSO Corp. manufactures and sells automotive components and systems, industrial products and home appliances. It is divided into four business divisions, Automotive, Consumer Products and Industrial Products. The Automotive division manufactures and develops powertrain controls, gasoline and diesel engines management systems. It also produces semiconductor sensors, micro-electronic devices, air conditioning systems for cars and buses, telematics, body electronics, wiper systems and power windows.
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