Honda Motor Co., Ltd. (NYSE:HMC) Sees Large Increase in Short Interest

Honda Motor Co., Ltd. (NYSE:HMC) was the recipient of a significant increase in short interest in 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. Based on an average trading volume of 748,700 shares, the short-interest ratio is presently 1.8 days. Currently, 0.1% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Honda Motor

Institutional investors have recently added to or reduced their stakes in the stock. Seven Eight Capital LP purchased a new position in Honda Motor during the first quarter worth approximately $1,509,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Honda Motor during the second quarter valued at about $3,595,000. Park Avenue Securities LLC increased its position in shares of Honda Motor by 76.4% during the third quarter. Park Avenue Securities LLC now owns 41,358 shares of the company’s stock valued at $1,312,000 after acquiring an additional 17,908 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Honda Motor by 1,906.3% during the third quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock valued at $6,105,000 after acquiring an additional 184,057 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Honda Motor by 179.6% during the second quarter. Blue Trust Inc. now owns 3,476 shares of the company’s stock valued at $112,000 after acquiring an additional 2,233 shares during the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Price Performance

Shares of HMC opened at $25.82 on Friday. The stock’s 50 day moving average is $30.70 and its two-hundred day moving average is $31.74. Honda Motor has a 12 month low of $25.57 and a 12 month high of $37.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.43 and a quick ratio of 1.12.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share 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 net margin of 4.53% and a return on equity of 7.53%. As a group, sell-side analysts expect that Honda Motor will post 3.99 EPS for the current fiscal year.

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.