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

Honda Motor Co., Ltd. (NYSE:HMC) was the recipient 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 daily trading volume, of 854,900 shares, the days-to-cover ratio is presently 2.8 days. Currently, 0.2% of the company’s stock are sold short.

Honda Motor Stock Up 0.2 %

HMC stock traded up $0.08 during trading on Wednesday, reaching $32.48. The stock had a trading volume of 359,419 shares, compared to its average volume of 965,799. Honda Motor has a 1-year low of $29.05 and a 1-year high of $37.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 1.43. The firm has a fifty day moving average price of $33.06 and a 200 day moving average price of $33.79.

Honda Motor (NYSE:HMC) last issued its earnings results on Friday, May 10th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.55. The business had revenue of $36.56 billion for 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%. As a group, sell-side analysts expect that Honda Motor will post 4.5 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 22nd.

Institutional Investors Weigh In On Honda Motor

A number of institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its stake in shares of Honda Motor by 8.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,066 shares of the company’s stock valued at $206,000 after purchasing an additional 463 shares in the last quarter. Boston Partners raised its stake in shares of Honda Motor by 31.8% in the 1st quarter. Boston Partners now owns 54,270 shares of the company’s stock valued at $2,018,000 after purchasing an additional 13,085 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of Honda Motor in the 1st quarter valued at about $491,000. Tidal Investments LLC acquired a new stake in shares of Honda Motor in the 1st quarter valued at about $373,000. Finally, LRI Investments LLC acquired a new stake in shares of Honda Motor in the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

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.