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 during the month of December. As of December 15th, there was short interest totalling 2,230,000 shares, a growth of 45.8% from the November 30th total of 1,530,000 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,190,000 shares, the short-interest ratio is presently 1.9 days.

Honda Motor Stock Performance

Shares of NYSE:HMC traded down $0.22 during midday trading on Monday, reaching $28.54. 919,881 shares of the company traded hands, compared to its average volume of 1,008,429. Honda Motor has a 12 month low of $23.41 and a 12 month high of $37.90. The firm’s fifty day moving average price is $27.22 and its two-hundred day moving average price is $30.16. 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 firm has a market capitalization of $48.82 billion, a price-to-earnings ratio of 7.05, a price-to-earnings-growth ratio of 2.57 and a beta of 0.62.

Honda Motor (NYSE:HMC) last posted its earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.43). The firm had revenue of $36.24 billion during the quarter, compared to analysts’ expectations of $35.60 billion. Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. On average, equities analysts expect that Honda Motor will post 4.09 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th.

Hedge Funds Weigh In On Honda Motor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its stake in Honda Motor by 7.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 64,236 shares of the company’s stock worth $2,071,000 after buying an additional 4,483 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Honda Motor by 201.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 10,086 shares of the company’s stock worth $325,000 after acquiring an additional 6,737 shares in the last quarter. Hantz Financial Services Inc. bought a new position in Honda Motor in the second quarter valued at $1,309,000. Rothschild Investment LLC purchased a new stake in Honda Motor during the second quarter valued at about $28,000. Finally, Natixis Advisors LLC lifted its stake in Honda Motor by 3.7% during the second quarter. Natixis Advisors LLC now owns 207,908 shares of the company’s stock worth $6,703,000 after purchasing an additional 7,449 shares during the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

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.