Honda Motor Co., Ltd. (NYSE:HMC) Short Interest Up 7.2% in June

Honda Motor Co., Ltd. (NYSE:HMC) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 2,380,000 shares, a growth of 7.2% from the May 31st total of 2,220,000 shares. Based on an average trading volume of 854,900 shares, the days-to-cover ratio is currently 2.8 days. Currently, 0.2% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

Honda Motor Stock Up 0.2 %

NYSE:HMC opened at $32.48 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 1.13. The business’s 50-day simple moving average is $33.06 and its two-hundred day simple moving average is $33.79. Honda Motor has a 52 week low of $29.05 and a 52 week high of $37.90.

Honda Motor (NYSE:HMC) last issued its earnings results on Friday, May 10th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.55. The firm had revenue of $36.56 billion during the quarter, compared to analyst estimates of $37.96 billion. Honda Motor had a net margin of 5.46% and a return on equity of 8.79%. On average, equities research analysts predict that Honda Motor will post 4.5 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HMC. Mondrian Investment Partners LTD boosted its stake in Honda Motor by 20.9% during the first quarter. Mondrian Investment Partners LTD now owns 5,176,690 shares of the company’s stock valued at $191,538,000 after buying an additional 896,048 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Honda Motor by 2,509.9% during the 4th quarter. International Assets Investment Management LLC now owns 335,373 shares of the company’s stock valued at $10,850,000 after acquiring an additional 322,523 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Honda Motor by 2.7% in the fourth quarter. Fisher Asset Management LLC now owns 9,670,076 shares of the company’s stock valued at $298,902,000 after purchasing an additional 258,160 shares in the last quarter. Brandes Investment Partners LP increased its position in Honda Motor by 47.1% in the fourth quarter. Brandes Investment Partners LP now owns 522,236 shares of the company’s stock worth $16,142,000 after purchasing an additional 167,120 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Honda Motor by 9.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,692,108 shares of the company’s stock valued at $52,303,000 after purchasing an additional 141,552 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Company Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.