Honda Motor Co., Ltd. (NYSE:HMC) Short Interest Update

Honda Motor Co., Ltd. (NYSE:HMC) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,370,000 shares, an increase of 30.5% from the October 15th total of 1,050,000 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 748,700 shares, the days-to-cover ratio is currently 1.8 days.

Honda Motor Trading Down 0.3 %

NYSE:HMC opened at $25.79 on Friday. Honda Motor has a 52-week low of $25.57 and a 52-week high of $37.90. The stock’s 50 day moving average price is $30.94 and its 200 day moving average price is $31.84. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $44.12 billion, a PE ratio of 6.39, a P/E/G ratio of 2.69 and a beta of 0.67.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. The company had revenue of $36.24 billion for the quarter, compared to analyst estimates of $35.60 billion. On average, research analysts anticipate that Honda Motor will post 3.99 EPS for the current year.

Institutional Trading of Honda Motor

Hedge funds have recently modified their holdings of the business. Rothschild Investment LLC acquired a new stake in shares of Honda Motor in the 2nd quarter valued at approximately $28,000. LRI Investments LLC acquired a new stake in shares of Honda Motor in the 1st quarter valued at approximately $34,000. Family Firm Inc. acquired a new stake in shares of Honda Motor in the 2nd quarter valued at approximately $35,000. Addison Advisors LLC lifted its holdings in shares of Honda Motor by 391.2% in the 3rd quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock valued at $41,000 after buying an additional 1,021 shares during the period. Finally, Mather Group LLC. lifted its holdings in shares of Honda Motor by 15,153.8% in the 2nd quarter. Mather Group LLC. now owns 1,983 shares of the company’s stock valued at $64,000 after buying an additional 1,970 shares during the period. 5.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Honda Motor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd.

About Honda Motor

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.